AltC Acquisition Corp. (NYSE:ALCC – Get Rating) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 200 shares, a drop of 60.0% from the September 30th total of 500 shares. Based on an average daily volume of 34,700 shares, the days-to-cover ratio is presently 0.0 days.

AltC Acquisition Stock Performance

Shares of NYSE:ALCC remained flat at $9.80 on Wednesday. The stock had a trading volume of 1,995 shares, compared to its average volume of 67,194. The business has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $9.72. AltC Acquisition has a 52-week low of $9.60 and a 52-week high of $10.16.

Institutional Investors Weigh In On AltC Acquisition

Institutional investors have recently bought and sold shares of the stock. RP Investment Advisors LP purchased a new stake in AltC Acquisition during the 1st quarter valued at $8,190,000. Radcliffe Capital Management L.P. boosted its holdings in shares of AltC Acquisition by 738.3% during the first quarter. Radcliffe Capital Management L.P. now owns 1,257,462 shares of the company's stock worth $12,273,000 after purchasing an additional 1,107,462 shares during the period. Deltec Asset Management LLC bought a new stake in shares of AltC Acquisition in the second quarter worth about $238,000. Wealthspring Capital LLC purchased a new position in AltC Acquisition during the 2nd quarter valued at about $744,000. Finally, TD Asset Management Inc. raised its position in AltC Acquisition by 27.3% during the 1st quarter. TD Asset Management Inc. now owns 1,018,700 shares of the company's stock valued at $9,943,000 after purchasing an additional 218,700 shares during the last quarter. 93.70% of the stock is currently owned by hedge funds and other institutional investors.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.

Read More

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