Short Interest in AlphaVest Acquisition Corp. (NASDAQ:ATMV) Expands By 621.2%

AlphaVest Acquisition Corp. (NASDAQ:ATMV) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 23,800 shares, an increase of 621.2% from the September 15th total of 3,300 shares. Based on an average daily volume of 29,400 shares, the short-interest ratio is currently 0.8 days. Currently, 1.4% of the shares of the stock are sold short. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 29,400 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of AlphaVest Acquisition in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, AlphaVest Acquisition currently has a consensus rating of “Hold”.

Institutional Trading of AlphaVest Acquisition

Several large investors have recently bought and sold shares of ATMV. Quarry LP purchased a new stake in AlphaVest Acquisition during the 1st quarter valued at about $568,000. Berkley W R Corp grew its stake in AlphaVest Acquisition by 23.7% during the 2nd quarter. Berkley W R Corp now owns 233,745 shares of the company’s stock valued at $2,749,000 after acquiring an additional 44,730 shares in the last quarter. Finally, Clear Street LLC grew its stake in AlphaVest Acquisition by 96.1% during the 2nd quarter. Clear Street LLC now owns 21,671 shares of the company’s stock valued at $255,000 after acquiring an additional 10,620 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

AlphaVest Acquisition Stock Down 13.0%

Shares of NASDAQ ATMV opened at $10.01 on Friday. AlphaVest Acquisition has a 12-month low of $9.30 and a 12-month high of $42.00. The company has a 50-day moving average of $12.90 and a 200 day moving average of $12.16.

About AlphaVest Acquisition

AlphaVest Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2022 and is based in New York, New York.