Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Update
by Scott Moore · The Cerbat GemAndretti Acquisition Corp. II (NASDAQ:POLE – Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 965 shares, a decline of 43.3% from the March 15th total of 1,701 shares. Based on an average trading volume of 12,331 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Andretti Acquisition Corp. II presently has a consensus rating of “Sell”.
Read Our Latest Stock Report on POLE
Hedge Funds Weigh In On Andretti Acquisition Corp. II
Several institutional investors have recently added to or reduced their stakes in the company. Lineage Point Capital LP bought a new position in Andretti Acquisition Corp. II during the 4th quarter valued at about $299,000. Toronto Dominion Bank lifted its holdings in Andretti Acquisition Corp. II by 172.6% during the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock valued at $3,725,000 after purchasing an additional 224,442 shares during the last quarter. Aristeia Capital L.L.C. bought a new position in Andretti Acquisition Corp. II during the 4th quarter valued at about $2,617,000. Jain Global LLC raised its stake in shares of Andretti Acquisition Corp. II by 7.0% in the fourth quarter. Jain Global LLC now owns 241,622 shares of the company’s stock worth $2,547,000 after acquiring an additional 15,797 shares during the last quarter. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Andretti Acquisition Corp. II in the fourth quarter worth about $5,711,000.
Andretti Acquisition Corp. II Price Performance
Shares of Andretti Acquisition Corp. II stock traded up $0.02 during trading on Tuesday, hitting $10.68. 4,483 shares of the company’s stock traded hands, compared to its average volume of 10,380. The firm’s fifty day moving average price is $10.62 and its 200 day moving average price is $10.57. Andretti Acquisition Corp. II has a twelve month low of $10.15 and a twelve month high of $10.90.
Andretti Acquisition Corp. II (NASDAQ:POLE – Get Free Report) last announced its quarterly earnings results on Tuesday, March 24th. The company reported $0.05 earnings per share (EPS) for the quarter.
Andretti Acquisition Corp. II Company Profile
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.