Andretti Acquisition Corp. II (NASDAQ:POLE – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 1,246 shares, an increase of 432.5% from the June 15th total of 234 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 12,619 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new position in shares of Andretti Acquisition Corp. II in the fourth quarter worth $41,000. HRT Financial LP bought a new stake in Andretti Acquisition Corp. II in the 4th quarter valued at $113,000. Clear Street Group Inc. purchased a new stake in Andretti Acquisition Corp. II in the 3rd quarter worth $149,000. Geode Capital Management LLC bought a new position in shares of Andretti Acquisition Corp. II during the 4th quarter valued at about $207,000. Finally, Lineage Point Capital LP purchased a new position in shares of Andretti Acquisition Corp. II during the fourth quarter valued at about $299,000.
Andretti Acquisition Corp. II Price Performance
POLE traded up $0.01 during mid-day trading on Monday, reaching $10.78. 3,085 shares of the company traded hands, compared to its average volume of 24,711. Andretti Acquisition Corp. II has a 52-week low of $10.38 and a 52-week high of $10.90. The company’s fifty day moving average price is $10.74 and its 200-day moving average price is $10.65.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Stock Analysis on Andretti Acquisition Corp. II
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.
Featured Stories
- Five stocks we like better than Andretti Acquisition Corp. II
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for Andretti Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andretti Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.
