Andretti Acquisition Corp. II (NASDAQ:POLE) Stock Short Interest Climbs 378.9%

Andretti Acquisition Corp. II (NASDAQ:POLE) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 953 shares, a growth of 378.9% from the August 31st total of 199 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 274,960 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Andretti Acquisition Corp. II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lineage Point Capital LP bought a new stake in shares of Andretti Acquisition Corp. II during the fourth quarter worth approximately $299,000. L1 Global Manager Pty Ltd bought a new position in shares of Andretti Acquisition Corp. II during the fourth quarter worth approximately $1,051,000. Clear Street Group Inc. increased its stake in shares of Andretti Acquisition Corp. II by 1,179.7% during the fourth quarter. Clear Street Group Inc. now owns 181,772 shares of the company’s stock worth $1,910,000 after purchasing an additional 167,568 shares during the period. Aristeia Capital L.L.C. bought a new position in shares of Andretti Acquisition Corp. II during the fourth quarter worth approximately $2,617,000. Finally, Berkley W R Corp lifted its holdings in Andretti Acquisition Corp. II by 9.6% during the 1st quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock worth $4,923,000 after purchasing an additional 40,683 shares during the last quarter.

Andretti Acquisition Corp. II Trading Down 0.0%

Andretti Acquisition Corp. II stock traded down $0.01 during mid-day trading on Friday, hitting $10.72. 2,424 shares of the company’s stock traded hands, compared to its average volume of 147,911. The firm has a 50 day simple moving average of $10.79 and a two-hundred day simple moving average of $10.73. Andretti Acquisition Corp. II has a fifty-two week low of $10.46 and a fifty-two week high of $12.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II (NASDAQ: POLE) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more businesses, such as a merger, acquisition, stock purchase, or similar transaction.

As a SPAC, Andretti Acquisition Corp. II does not have significant ongoing operating activities, products, or services of its own. Its primary purpose is to raise capital through a public offering and use those funds, together with other financing, to acquire or combine with an operating company.

The company’s ultimate industry focus, geographic scope, and operating profile will depend on the target business it selects.