Short Interest in AlphaTime Acquisition Corp (NASDAQ:ATMC) Increases By 700.0%

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 800 shares, a growth of 700.0% from the January 15th total of 100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is currently 0.1 days.

AlphaTime Acquisition Trading Down 0.3 %

Shares of AlphaTime Acquisition stock opened at $11.51 on Thursday. The business’s 50-day moving average price is $11.38 and its 200-day moving average price is $11.28. AlphaTime Acquisition has a 12 month low of $10.81 and a 12 month high of $11.86.

Hedge Funds Weigh In On AlphaTime Acquisition

An institutional investor recently raised its position in AlphaTime Acquisition stock. Mizuho Securities USA LLC increased its stake in shares of AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505,896 shares of the company’s stock after acquiring an additional 198,896 shares during the quarter. Mizuho Securities USA LLC owned approximately 7.36% of AlphaTime Acquisition worth $5,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 82.24% of the company’s stock.

AlphaTime Acquisition Company Profile

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.