Altimeter Growth Corp. 2 (NYSE:AGCB – Get Rating) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 37,900 shares, a decline of 34.0% from the June 15th total of 57,400 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 261,100 shares, the short-interest ratio is presently 0.1 days.

Altimeter Growth Corp. 2 Trading Down 0.1 %

Shares of AGCB stock opened at $9.85 on Friday. The firm has a fifty day moving average price of $9.82 and a 200 day moving average price of $9.81. Altimeter Growth Corp. 2 has a 12 month low of $9.70 and a 12 month high of $10.54.

Hedge Funds Weigh In On Altimeter Growth Corp. 2

A number of institutional investors and hedge funds have recently modified their holdings of AGCB. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Altimeter Growth Corp. 2 during the fourth quarter worth $724,000. Massachusetts Financial Services Co. MA boosted its stake in Altimeter Growth Corp. 2 by 1.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,500,262 shares of the company's stock valued at $24,652,000 after acquiring an additional 27,018 shares in the last quarter. Parallax Volatility Advisers L.P. acquired a new position in Altimeter Growth Corp. 2 in the fourth quarter valued at $247,000. CSS LLC IL acquired a new position in Altimeter Growth Corp. 2 in the fourth quarter valued at $121,000. Finally, Darlington Partners Capital Management LP acquired a new position in Altimeter Growth Corp. 2 in the fourth quarter valued at $3,448,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Altimeter Growth Corp. 2 Company Profile

Altimeter Growth Corp. 2 does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Altimeter Growth Corp. 2 was incorporated in 2020 and is based in Menlo Park, California.

Further Reading

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