AltC Acquisition Corp. (NYSE:ALCC – Get Rating) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 8,100 shares, an increase of 440.0% from the June 30th total of 1,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 50,800 shares, the short-interest ratio is presently 0.2 days.

AltC Acquisition Stock Performance

Shares of AltC Acquisition stock opened at $9.70 on Friday. AltC Acquisition has a twelve month low of $9.50 and a twelve month high of $10.16. The business has a 50-day moving average price of $9.69 and a 200 day moving average price of $9.72.

Hedge Funds Weigh In On AltC Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealthspring Capital LLC purchased a new position in shares of AltC Acquisition in the 2nd quarter valued at about $744,000. Deltec Asset Management LLC purchased a new stake in AltC Acquisition during the 2nd quarter worth approximately $238,000. Bank of America Corp DE purchased a new stake in AltC Acquisition during the 1st quarter worth approximately $44,000. Spartan Fund Management Inc. purchased a new stake in AltC Acquisition during the 1st quarter worth approximately $2,074,000. Finally, Sculptor Capital LP purchased a new stake in AltC Acquisition during the 1st quarter worth approximately $2,217,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

AltC Acquisition Company Profile

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.

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