AltC Acquisition Corp. (NYSE:ALCC – Get Rating) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 600 shares, a growth of 50.0% from the August 15th total of 400 shares. Based on an average trading volume of 42,800 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Radcliffe Capital Management L.P. grew its stake in AltC Acquisition by 738.3% in the first quarter. Radcliffe Capital Management L.P. now owns 1,257,462 shares of the company's stock valued at $12,273,000 after purchasing an additional 1,107,462 shares in the last quarter. Empyrean Capital Partners LP grew its position in shares of AltC Acquisition by 29.3% in the first quarter. Empyrean Capital Partners LP now owns 4,847,126 shares of the company's stock valued at $47,308,000 after purchasing an additional 1,097,126 shares during the last quarter. Marshall Wace LLP lifted its holdings in AltC Acquisition by 249.0% during the 4th quarter. Marshall Wace LLP now owns 1,401,600 shares of the company's stock worth $13,806,000 after purchasing an additional 1,000,000 shares during the last quarter. RP Investment Advisors LP bought a new stake in AltC Acquisition in the 1st quarter valued at $8,190,000. Finally, CSS LLC IL acquired a new position in AltC Acquisition in the 2nd quarter valued at $4,973,000. Institutional investors and hedge funds own 93.70% of the company's stock.
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AltC Acquisition Stock Performance
Shares of NYSE ALCC opened at $9.75 on Friday. AltC Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $10.16. The company's 50 day simple moving average is $9.72 and its 200 day simple moving average is $9.72.
AltC Acquisition Company Profile
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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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