Andretti Acquisition Corp. II (NASDAQ:POLE) Sees Large Decline in Short Interest

Andretti Acquisition Corp. II (NASDAQ:POLEGet Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 200 shares, a decrease of 65.5% from the July 30th total of 579 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 68,013 shares, the short-interest ratio is presently 0.0 days.

Andretti Acquisition Corp. II Stock Performance

Shares of POLE stock traded down $0.04 during trading hours on Friday, hitting $10.71. The company had a trading volume of 140 shares, compared to its average volume of 25,244. Andretti Acquisition Corp. II has a fifty-two week low of $10.41 and a fifty-two week high of $10.90. The company’s fifty day moving average is $10.79 and its 200 day moving average is $10.71.

Institutional Investors Weigh In On Andretti Acquisition Corp. II

A number of institutional investors have recently modified their holdings of the company. Radcliffe Capital Management L.P. lifted its stake in Andretti Acquisition Corp. II by 0.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock worth $5,031,000 after acquiring an additional 1,663 shares in the last quarter. Glazer Capital LLC increased its stake in Andretti Acquisition Corp. II by 3.3% during the fourth quarter. Glazer Capital LLC now owns 263,547 shares of the company’s stock worth $2,770,000 after purchasing an additional 8,403 shares during the period. HRT Financial LP acquired a new stake in shares of Andretti Acquisition Corp. II during the fourth quarter worth about $113,000. Jain Global LLC lifted its position in shares of Andretti Acquisition Corp. II by 7.0% during the fourth quarter. Jain Global LLC now owns 241,622 shares of the company’s stock worth $2,547,000 after purchasing an additional 15,797 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new position in shares of Andretti Acquisition Corp. II in the fourth quarter valued at approximately $207,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Andretti Acquisition Corp. II presently has an average rating of “Sell”.

Check Out Our Latest Analysis on POLE

About Andretti Acquisition Corp. II

(Get Free Report)

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.

Further Reading

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