Alussa Energy Acquisition Corp. II (NYSE:ALUB) Sees Significant Increase in Short Interest

Alussa Energy Acquisition Corp. II (NYSE:ALUB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 5,242 shares, a growth of 572.1% from the August 31st total of 780 shares. Based on an average daily volume of 72,827 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Alussa Energy Acquisition Corp. II Trading Up 0.0%

Shares of NYSE ALUB traded up $0.01 during midday trading on Friday, reaching $10.12. The company had a trading volume of 638 shares, compared to its average volume of 90,686. The company’s 50-day moving average is $10.11. Alussa Energy Acquisition Corp. II has a 1 year low of $9.90 and a 1 year high of $10.17.

Hedge Funds Weigh In On Alussa Energy Acquisition Corp. II

A hedge fund recently bought a new stake in Alussa Energy Acquisition Corp. II stock. HBK Investments L P purchased a new position in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 666,668 shares of the company’s stock, valued at approximately $6,693,000. HBK Investments L P owned 1.85% of Alussa Energy Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Alussa Energy Acquisition Corp. II from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About Alussa Energy Acquisition Corp. II

Alussa Energy Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to pursue a business combination with one or more operating companies. Its structure may involve a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction.

Unlike an operating company, Alussa Energy Acquisition Corp. II does not appear to manufacture products or provide commercial services of its own. Its primary activities are evaluating potential acquisition targets, negotiating a transaction, and seeking shareholder approval for a proposed combination.

Publicly available information about the company’s specific target, operating geographies, and leadership is limited.