Short Interest in AlphaTime Acquisition Corp. (NASDAQ:ATMC) Increases By 75.0%

AlphaTime Acquisition Corp. (NASDAQ:ATMC) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 700 shares, an increase of 75.0% from the August 15th total of 400 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of AlphaTime Acquisition

Large investors have recently added to or reduced their stakes in the company. Warberg Asset Management LLC bought a new stake in AlphaTime Acquisition in the 1st quarter worth approximately $213,000. Toronto Dominion Bank purchased a new position in shares of AlphaTime Acquisition in the 4th quarter worth approximately $319,000. Finally, Clear Street LLC boosted its holdings in shares of AlphaTime Acquisition by 90.6% in the 2nd quarter. Clear Street LLC now owns 60,697 shares of the company’s stock worth $716,000 after purchasing an additional 28,844 shares during the period. Institutional investors own 82.24% of the company’s stock.

AlphaTime Acquisition Stock Down 0.5%

NASDAQ:ATMC opened at $11.87 on Wednesday. AlphaTime Acquisition has a 1 year low of $11.20 and a 1 year high of $13.74. The stock’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $11.83.

AlphaTime Acquisition Company Profile

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.