AltC Acquisition Corp. (NYSE:ALCC – Get Rating) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 7,400 shares, a decline of 8.6% from the July 15th total of 8,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 38,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALCC. Advisor Group Holdings Inc. lifted its position in AltC Acquisition by 5.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 31,100 shares of the company's stock valued at $306,000 after purchasing an additional 1,700 shares during the period. Sculptor Capital LP increased its stake in AltC Acquisition by 0.8% during the 2nd quarter. Sculptor Capital LP now owns 228,914 shares of the company's stock worth $2,209,000 after purchasing an additional 1,786 shares in the last quarter. Exos Asset Management LLC increased its stake in AltC Acquisition by 1.4% during the 4th quarter. Exos Asset Management LLC now owns 134,236 shares of the company's stock worth $1,322,000 after purchasing an additional 1,887 shares in the last quarter. Bank of America Corp DE bought a new stake in AltC Acquisition during the 1st quarter worth approximately $44,000. Finally, PenderFund Capital Management Ltd. bought a new position in shares of AltC Acquisition during the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 91.30% of the company's stock.

AltC Acquisition Price Performance

NYSE ALCC remained flat at $9.76 on Tuesday. 10,129 shares of the company traded hands, compared to its average volume of 36,643. The firm's fifty day simple moving average is $9.70 and its 200 day simple moving average is $9.72. AltC Acquisition has a 1-year low of $9.50 and a 1-year high of $10.16.

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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