Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Down 57.0% in February

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,517 shares, a drop of 57.0% from the February 12th total of 3,524 shares. Based on an average daily trading volume, of 40,841 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 40,841 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Andretti Acquisition Corp. II

Several large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in Andretti Acquisition Corp. II during the 4th quarter worth $41,000. HRT Financial LP acquired a new position in shares of Andretti Acquisition Corp. II during the fourth quarter valued at $113,000. Clear Street Group Inc. bought a new stake in shares of Andretti Acquisition Corp. II during the third quarter valued at about $149,000. Clear Street LLC raised its stake in shares of Andretti Acquisition Corp. II by 61,656.5% during the second quarter. Clear Street LLC now owns 14,204 shares of the company’s stock valued at $147,000 after purchasing an additional 14,181 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new stake in Andretti Acquisition Corp. II in the fourth quarter worth about $207,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Andretti Acquisition Corp. II Stock Performance

Shares of NASDAQ:POLE remained flat at $10.64 during trading hours on Friday. 6,613 shares of the company’s stock traded hands, compared to its average volume of 26,790. The firm has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $10.54. Andretti Acquisition Corp. II has a 12 month low of $10.11 and a 12 month high of $10.90.

Andretti Acquisition Corp. II Company Profile

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.