Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Update

Andretti Acquisition Corp. II (NASDAQ:POLE) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 234 shares, a decrease of 81.2% from the June 30th total of 1,246 shares. Based on an average daily trading volume, of 4,112 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Andretti Acquisition Corp. II

Several institutional investors and hedge funds have recently modified their holdings of POLE. Berkley W R Corp grew its stake in shares of Andretti Acquisition Corp. II by 9.6% during the first quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock valued at $4,923,000 after buying an additional 40,683 shares during the last quarter. Lineage Point Capital LP purchased a new position in Andretti Acquisition Corp. II in the fourth quarter worth $299,000. Toronto Dominion Bank grew its holdings in Andretti Acquisition Corp. II by 172.6% in the fourth quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock worth $3,725,000 after purchasing an additional 224,442 shares during the last quarter. Aristeia Capital L.L.C. acquired a new position in shares of Andretti Acquisition Corp. II in the 4th quarter valued at $2,617,000. Finally, Jain Global LLC boosted its holdings in 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 buying an additional 15,797 shares in the last quarter.

Andretti Acquisition Corp. II Stock Up 0.1%

POLE traded up $0.01 on Friday, hitting $10.80. The company’s stock had a trading volume of 13,391 shares, compared to its average volume of 10,650. The company’s 50 day simple moving average is $10.76 and its 200-day simple moving average is $10.67. Andretti Acquisition Corp. II has a 12 month low of $10.41 and a 12 month high of $10.90.

Andretti Acquisition Corp. II (NASDAQ:POLE) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Andretti Acquisition Corp. II

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.