Alussa Energy Acquisition Corp. II (NYSE:ALUB – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,242 shares, an increase of 572.1% from the August 31st total of 780 shares. Based on an average daily volume of 72,827 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Alussa Energy Acquisition Corp. II Stock Performance
Shares of ALUB opened at $10.12 on Friday. Alussa Energy Acquisition Corp. II has a one year low of $9.90 and a one year high of $10.17. The stock has a 50 day simple moving average of $10.11.
Hedge Funds Weigh In On Alussa Energy Acquisition Corp. II
An institutional investor recently bought a new position in Alussa Energy Acquisition Corp. II stock. HBK Investments L P bought a new position in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 666,668 shares of the company’s stock, valued at approximately $6,693,000. HBK Investments L P owned about 1.85% of Alussa Energy Acquisition Corp. II as of its most recent filing with the Securities & Exchange Commission.
Wall Street Analyst Weigh In
About Alussa Energy Acquisition Corp. II
Alussa Energy Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to pursue a business combination with one or more operating companies. Its structure may involve a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction.
Unlike an operating company, Alussa Energy Acquisition Corp. II does not appear to manufacture products or provide commercial services of its own. Its primary activities are evaluating potential acquisition targets, negotiating a transaction, and seeking shareholder approval for a proposed combination.
Publicly available information about the company’s specific target, operating geographies, and leadership is limited.
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