Alussa Energy Acquisition Corp. (NYSE:ALUS) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,120,000 shares, a decline of 24.3% from the March 31st total of 1,480,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 3.9% of the shares of the stock are sold short.
ALUS stock traded down $0.01 during midday trading on Tuesday, reaching $9.97. 214,398 shares of the stock were exchanged, compared to its average volume of 1,415,168. Alussa Energy Acquisition has a 52 week low of $9.54 and a 52 week high of $15.28. The company has a fifty day moving average price of $10.10 and a 200 day moving average price of $10.53.
Alussa Energy Acquisition (NYSE:ALUS) last announced its quarterly earnings results on Monday, March 1st. The company reported ($0.46) EPS for the quarter.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC raised its stake in shares of Alussa Energy Acquisition by 534,675.0% during the first quarter. FNY Investment Advisers LLC now owns 534,775 shares of the company’s stock valued at $5,347,000 after acquiring an additional 534,675 shares during the last quarter. Radcliffe Capital Management L.P. raised its position in Alussa Energy Acquisition by 321.0% during the 4th quarter. Radcliffe Capital Management L.P. now owns 421,000 shares of the company’s stock worth $4,235,000 after purchasing an additional 321,000 shares during the last quarter. Toronto Dominion Bank acquired a new position in Alussa Energy Acquisition during the 4th quarter worth about $3,219,000. Sculptor Capital LP grew its position in shares of Alussa Energy Acquisition by 297.0% in the 4th quarter. Sculptor Capital LP now owns 200,500 shares of the company’s stock valued at $2,017,000 after buying an additional 150,000 shares during the last quarter. Finally, Ramius Advisors LLC acquired a new stake in shares of Alussa Energy Acquisition in the fourth quarter valued at about $953,000. 65.98% of the stock is currently owned by hedge funds and other institutional investors.
Alussa Energy Acquisition Company Profile
Alussa Energy Acquisition Corp. focuses on effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the production, operation, and development of crude oil and natural gas wells and related infrastructure.
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