AleAnna Inc. (NASDAQ:ANNA) Short Interest Down 37.7% in June

AleAnna Inc. (NASDAQ:ANNA) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 279,727 shares, a decline of 37.7% from the May 31st total of 449,245 shares. Based on an average daily trading volume, of 432,572 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On AleAnna

Large investors have recently made changes to their positions in the company. Keel Point LLC bought a new position in AleAnna during the 2nd quarter valued at about $79,000. Goldman Sachs Group Inc. bought a new stake in AleAnna in the first quarter worth about $94,000. Wesbanco Bank Inc. purchased a new position in shares of AleAnna during the first quarter valued at approximately $166,000. Royal Bank of Canada purchased a new position in shares of AleAnna during the first quarter valued at approximately $242,000. Finally, Carlson Capital L.P. grew its stake in shares of AleAnna by 7.0% during the fourth quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock valued at $265,000 after buying an additional 6,000 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of AleAnna to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings raised AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, AleAnna currently has a consensus rating of “Sell”.

AleAnna Trading Down 3.2%

NASDAQ:ANNA traded down $0.09 during midday trading on Thursday, hitting $2.75. 36,394 shares of the company traded hands, compared to its average volume of 2,347,277. The firm has a market capitalization of $183.15 million, a P/E ratio of 19.82 and a beta of -1.63. The firm’s fifty day moving average is $3.31 and its 200-day moving average is $3.59. AleAnna has a 12-month low of $2.31 and a 12-month high of $10.64.

AleAnna (NASDAQ:ANNA) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 EPS for the quarter. AleAnna had a net margin of 17.43% and a return on equity of 10.22%. The company had revenue of $9.34 million during the quarter.

AleAnna Company Profile

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.