Alussa Energy Acquisition Corp. II (NYSE:ALUB) Stock Short Interest Report for October

Alussa Energy Acquisition Corp. II (NYSE:ALUB) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 4,821 shares, a growth of 186.8% from the September 30th total of 1,681 shares. Based on an average trading volume of 19,697 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Alussa Energy Acquisition Corp. II Stock Performance

Shares of Alussa Energy Acquisition Corp. II stock opened at $10.15 on Friday. The firm’s 50 day moving average is $10.13. Alussa Energy Acquisition Corp. II has a twelve month low of $9.90 and a twelve month high of $10.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Alussa Energy Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Alussa Energy Acquisition Corp. II

An institutional investor recently bought a new stake in Alussa Energy Acquisition Corp. II stock. BlueCrest Capital Management Ltd purchased a new position in Alussa Energy Acquisition Corp. II (NYSE:ALUB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 825,000 shares of the company’s stock, valued at approximately $8,283,000. BlueCrest Capital Management Ltd owned about 2.30% of Alussa Energy Acquisition Corp. II at the end of the most recent reporting period.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike a traditional operating business, the company does not manufacture products or provide commercial services of its own.

The company’s stated investment focus is associated with the energy and energy-transition sectors. Its prospective transaction could involve a merger, acquisition, share exchange, or similar combination with a private company, although the specific target and operating activities depend on any completed transaction.

Until a business combination is completed, Alussa Energy Acquisition Corp.