Quetta Acquisition Corporation (NASDAQ:QETA) Short Interest Up 106.1% in June

Quetta Acquisition Corporation (NASDAQ:QETA) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 1,084 shares, a growth of 106.1% from the June 15th total of 526 shares. Based on an average daily trading volume, of 932 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Quetta Acquisition in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Quetta Acquisition Trading Down 1.9%

QETA stock traded down $0.22 during mid-day trading on Wednesday, hitting $11.52. 997 shares of the stock were exchanged, compared to its average volume of 5,284. The business has a fifty day moving average price of $11.63 and a 200 day moving average price of $11.53. Quetta Acquisition has a 12 month low of $10.82 and a 12 month high of $13.07.

Quetta Acquisition (NASDAQ:QETA) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.00) EPS for the quarter.

About Quetta Acquisition

Quetta Acquisition Corporation focuses on effecting a merger, capital stock exchange, share purchase, asset acquisition, recapitalization, reorganization, or related business combination with one or more businesses. It intends to focus on financial technology sector in Asia. The company was incorporated in 2023 and is based in New York, New York.