AltC Acquisition Corp. (NYSE:ALCC – Get Rating) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 11,100 shares, a growth of 200.0% from the November 15th total of 3,700 shares. Based on an average daily volume of 100,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.
AltC Acquisition Price Performance
NYSE ALCC traded down $0.01 during trading hours on Wednesday, hitting $9.88. The company's stock had a trading volume of 213,300 shares, compared to its average volume of 84,994. AltC Acquisition has a 52 week low of $9.60 and a 52 week high of $9.93. The company's 50-day simple moving average is $9.83 and its two-hundred day simple moving average is $9.75.
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Hedge Funds Weigh In On AltC Acquisition
Several large investors have recently added to or reduced their stakes in ALCC. TD Asset Management Inc. lifted its position in AltC Acquisition by 27.3% in the 1st quarter. TD Asset Management Inc. now owns 1,018,700 shares of the company's stock valued at $9,943,000 after acquiring an additional 218,700 shares in the last quarter. Bank of Montreal Can purchased a new stake in AltC Acquisition in the 1st quarter valued at about $3,585,000. RP Investment Advisors LP purchased a new stake in AltC Acquisition in the 1st quarter valued at about $8,190,000. Rivernorth Capital Management LLC purchased a new stake in AltC Acquisition in the 1st quarter valued at about $1,336,000. Finally, Empyrean Capital Partners LP increased its stake in AltC Acquisition by 29.3% in the 1st quarter. Empyrean Capital Partners LP now owns 4,847,126 shares of the company's stock valued at $47,308,000 after buying an additional 1,097,126 shares during the last quarter. Institutional investors own 93.70% of the company's stock.
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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- Get a free copy of the StockNews.com research report on AltC Acquisition (ALCC)
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