Short Interest in Andretti Acquisition Corp. II (NASDAQ:POLE) Expands By 147.4%

Andretti Acquisition Corp. II (NASDAQ:POLE) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 579 shares, a growth of 147.4% from the July 15th total of 234 shares. Based on an average daily trading volume, of 14,147 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Andretti Acquisition Corp. II Price Performance

Shares of NASDAQ POLE traded up $0.01 on Friday, hitting $10.83. The company had a trading volume of 1,032 shares, compared to its average volume of 42,750. Andretti Acquisition Corp. II has a 12-month low of $10.41 and a 12-month high of $10.90. The business has a 50 day moving average of $10.78 and a two-hundred day moving average of $10.70.

Institutional Trading of Andretti Acquisition Corp. II

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HRT Financial LP bought a new position in Andretti Acquisition Corp. II during the 4th quarter valued at $113,000. Geode Capital Management LLC acquired a new stake in Andretti Acquisition Corp. II during the 4th quarter worth about $207,000. Lineage Point Capital LP purchased a new position in Andretti Acquisition Corp. II during the fourth quarter valued at approximately $299,000. Sandia Investment Management LP acquired a new position in shares of Andretti Acquisition Corp. II in the second quarter worth $415,000. Finally, Fort Baker Capital Management LP purchased a new stake in shares of Andretti Acquisition Corp. II during the 4th quarter worth about $528,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Andretti Acquisition Corp. II presently has an average rating of “Sell”.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.