Quetta Acquisition Corporation (NASDAQ:QETA) Stock Short Interest Declines 37.8%

Quetta Acquisition Corporation (NASDAQ:QETA) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 56 shares, a decrease of 37.8% from the August 31st total of 90 shares. Based on an average trading volume of 372 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Quetta Acquisition Trading Down 0.3%

NASDAQ QETA opened at $11.76 on Friday. Quetta Acquisition has a 12-month low of $11.02 and a 12-month high of $13.07. The company has a 50 day moving average price of $11.62 and a two-hundred day moving average price of $11.59.

Quetta Acquisition (NASDAQ:QETA) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.24 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Quetta Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Quetta Acquisition has a consensus rating of “Hold”.

About Quetta Acquisition

Quetta Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, acquisition, stock exchange, or similar combination.

Unlike an operating company, Quetta Acquisition does not appear to offer products or services directly and has limited business operations before completing a transaction. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a suitable business combination.

Publicly available information about the company’s target industry, geographic focus, operating history, and leadership is limited.