AleAnna Inc. (NASDAQ:ANNA – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 176,105 shares, a drop of 35.0% from the September 15th total of 270,903 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 188,919 shares, the days-to-cover ratio is presently 0.9 days.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, AleAnna presently has an average rating of “Sell”.
Check Out Our Latest Report on AleAnna
Institutional Investors Weigh In On AleAnna
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in AleAnna during the 2nd quarter valued at $113,000. Royal Bank of Canada bought a new stake in AleAnna in the 1st quarter worth $242,000. Finally, Wesbanco Bank Inc. bought a new stake in AleAnna in the 1st quarter worth $166,000. 38.10% of the stock is currently owned by institutional investors.
AleAnna Price Performance
ANNA opened at $2.57 on Friday. The stock’s 50 day simple moving average is $2.83 and its 200 day simple moving average is $3.42. The firm has a market cap of $171.29 million, a price-to-earnings ratio of 13.95 and a beta of -1.59. AleAnna has a 1 year low of $2.31 and a 1 year high of $10.64.
AleAnna (NASDAQ:ANNA – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $10.22 million during the quarter. AleAnna had a return on equity of 12.95% and a net margin of 19.76%.
About AleAnna
AleAnna, Inc (NASDAQ: ANNA) is an energy company focused on the exploration, development and production of natural gas and other hydrocarbons. The company’s activities are centered on onshore assets in Italy, with an emphasis on identifying and developing domestic energy resources.
AleAnna’s operations include evaluating prospective acreage, advancing exploration projects and developing natural gas fields through drilling, production and related infrastructure. Its portfolio has included projects in Italy’s Po Valley, a region with a history of natural gas exploration and production.
The company is positioned as an independent energy developer serving the Italian market.
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