Quetta Acquisition Co. (NASDAQ:QETAU – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 24 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 386 shares, the days-to-cover ratio is presently 0.1 days.
Quetta Acquisition Price Performance
Shares of NASDAQ QETAU opened at $11.51 on Friday. The business has a fifty day simple moving average of $11.74 and a two-hundred day simple moving average of $11.52. Quetta Acquisition has a twelve month low of $10.70 and a twelve month high of $13.79.
About Quetta Acquisition
Quetta Acquisition (NASDAQ:QETAU) is a special purpose acquisition company (SPAC) incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check vehicle, the company itself does not operate any business but seeks to identify and combine with one or more target companies that meet its investment criteria.
Since its formation, Quetta Acquisition has focused on raising capital through an initial public offering and holding those proceeds in a trust account while it evaluates potential business combination opportunities.
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