Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Update

by · The Markets Daily

Andretti Acquisition Corp. II (NASDAQ:POLE – Get Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 200 shares, a decline of 65.5% from the July 30th total of 579 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 68,013 shares, the short-interest ratio is presently 0.0 days.

Andretti Acquisition Corp. II Stock Down 0.4%

Shares of POLE stock traded down $0.04 during trading hours on Friday, reaching $10.71. 140 shares of the stock were exchanged, compared to its average volume of 25,244. The business’s fifty day moving average is $10.79 and its two-hundred day moving average is $10.71. Andretti Acquisition Corp. II has a 12-month low of $10.41 and a 12-month high of $10.90.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Analysis on POLE

Institutional Investors Weigh In On Andretti Acquisition Corp. II

A number of hedge funds and other institutional investors have recently modified their holdings of POLE. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Andretti Acquisition Corp. II during the second quarter worth $7,785,000. Cantor Fitzgerald L. P. acquired a new position in shares of Andretti Acquisition Corp. II during the 4th quarter worth about $5,711,000. Radcliffe Capital Management L.P. boosted its position in shares of Andretti Acquisition Corp. II by 0.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock worth $5,031,000 after acquiring an additional 1,663 shares in the last quarter. Berkley W R Corp increased its holdings in shares of Andretti Acquisition Corp. II by 9.6% in the 1st quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock valued at $4,923,000 after acquiring an additional 40,683 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Andretti Acquisition Corp. II by 172.6% during the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock worth $3,725,000 after acquiring an additional 224,442 shares in the last quarter.

About Andretti Acquisition Corp. II

(Get Free Report)

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.

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