AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Update

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 100 shares, a decline of 50.0% from the December 31st total of 200 shares. Based on an average daily volume of 13,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AlphaTime Acquisition stock. Mizuho Securities USA LLC boosted its stake in shares of AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505,896 shares of the company’s stock after acquiring an additional 198,896 shares during the period. Mizuho Securities USA LLC owned 7.36% of AlphaTime Acquisition worth $5,656,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 82.24% of the company’s stock.

AlphaTime Acquisition Stock Performance

NASDAQ:ATMC traded up $0.07 during mid-day trading on Friday, hitting $11.49. 505 shares of the stock were exchanged, compared to its average volume of 1,251. The firm’s 50-day simple moving average is $11.35 and its 200 day simple moving average is $11.25. AlphaTime Acquisition has a fifty-two week low of $10.77 and a fifty-two week high of $11.86.

About AlphaTime Acquisition

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.