Short Interest in Andretti Acquisition Corp. II (NASDAQ:POLE) Rises By 432.5%

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,246 shares, a growth of 432.5% from the June 15th total of 234 shares. Based on an average trading volume of 12,619 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Andretti Acquisition Corp. II has an average rating of “Sell”.

Andretti Acquisition Corp. II Stock Up 0.1%

Shares of POLE traded up $0.01 during mid-day trading on Monday, hitting $10.78. 3,085 shares of the company were exchanged, compared to its average volume of 24,711. Andretti Acquisition Corp. II has a 1-year low of $10.38 and a 1-year high of $10.90. The company has a 50 day moving average of $10.74 and a 200-day moving average of $10.65.

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

Institutional Trading of Andretti Acquisition Corp. II

A number of institutional investors have recently made changes to their positions in the company. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Andretti Acquisition Corp. II in the 2nd quarter valued at $7,785,000. Cantor Fitzgerald L. P. acquired a new position in shares of Andretti Acquisition Corp. II in the 4th quarter worth approximately $5,711,000. Aristeia Capital L.L.C. purchased a new position in shares of Andretti Acquisition Corp. II during the fourth quarter worth $2,617,000. Radcliffe Capital Management L.P. grew its position in Andretti Acquisition Corp. II by 107.5% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 477,001 shares of the company’s stock valued at $4,989,000 after acquiring an additional 247,159 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Andretti Acquisition Corp. II by 172.6% in the fourth quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock valued at $3,725,000 after purchasing an additional 224,442 shares in the last quarter.

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.