Alussa Energy Acquisition Corp. II (NYSE:ALUB) Shares Shorted: Short Interest Up 186.8% in October

Alussa Energy Acquisition Corp. II (NYSE:ALUB) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 4,821 shares, an increase of 186.8% from the September 30th total of 1,681 shares. Based on an average daily volume of 19,697 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor 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) during the 2nd quarter, according to its most recent Form 13F filing 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 approximately 1.85% of Alussa Energy Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Alussa Energy Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Alussa Energy Acquisition Corp. II currently has a consensus rating of “Sell”.

Alussa Energy Acquisition Corp. II Trading Up 0.0%

ALUB traded up $0.01 during trading on Friday, reaching $10.15. The stock had a trading volume of 816 shares, compared to its average volume of 86,377. Alussa Energy Acquisition Corp. II has a one year low of $9.90 and a one year high of $10.18. The firm’s 50 day simple moving average is $10.13.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike a traditional operating business, the company does not manufacture products or provide commercial services of its own.

The company’s stated investment focus is associated with the energy and energy-transition sectors. Its prospective transaction could involve a merger, acquisition, share exchange, or similar combination with a private company, although the specific target and operating activities depend on any completed transaction.

Until a business combination is completed, Alussa Energy Acquisition Corp.