Short Interest in AleAnna Inc. (NASDAQ:ANNA) Increases By 350.9%

AleAnna Inc. (NASDAQ:ANNA) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 31,326 shares, an increase of 350.9% from the February 12th total of 6,948 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 121,593 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 121,593 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AleAnna presently has an average rating of “Sell”.

AleAnna Trading Up 19.6%

Shares of ANNA opened at $3.48 on Thursday. The firm has a market cap of $231.96 million, a price-to-earnings ratio of 87.00 and a beta of -0.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00. AleAnna has a fifty-two week low of $2.31 and a fifty-two week high of $18.30. The firm has a 50 day moving average price of $2.79 and a 200-day moving average price of $3.34.

Insiders Place Their Bets

In other AleAnna news, major shareholder C John Wilder sold 82,260 shares of AleAnna stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $4.17, for a total transaction of $343,024.20. Following the completion of the sale, the insider owned 30,152,940 shares of the company’s stock, valued at $125,737,759.80. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 325,784 shares of company stock worth $1,224,557 in the last quarter. Company insiders own 42.90% of the company’s stock.

Hedge Funds Weigh In On AleAnna

Large investors have recently added to or reduced their stakes in the business. Carlson Capital L.P. boosted its position in AleAnna by 7.0% during the fourth quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock valued at $265,000 after buying an additional 6,000 shares during the period. NewGen Equity Long Short Fund purchased a new position in shares of AleAnna in the second quarter worth about $204,000. Goldman Sachs Group Inc. purchased a new position in shares of AleAnna in the first quarter worth about $94,000. Finally, Keel Point LLC bought a new stake in shares of AleAnna in the 2nd quarter valued at about $79,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

AleAnna Company Profile

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.