Andretti Acquisition Corp. II (NASDAQ:POLE) Sees Large Increase in Short Interest

Andretti Acquisition Corp. II (NASDAQ:POLE) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 805 shares, an increase of 138.9% from the December 15th total of 337 shares. Based on an average daily trading volume, of 10,087 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,087 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Andretti Acquisition Corp. II

A number of institutional investors have recently bought and sold shares of POLE. Clear Street LLC raised its holdings in shares of Andretti Acquisition Corp. II by 61,656.5% in the second quarter. Clear Street LLC now owns 14,204 shares of the company’s stock worth $147,000 after buying an additional 14,181 shares during the last quarter. Clear Street Group Inc. acquired a new stake in Andretti Acquisition Corp. II during the 3rd quarter worth about $149,000. Sandia Investment Management LP purchased a new stake in Andretti Acquisition Corp. II during the 2nd quarter valued at about $415,000. Whitebox Advisors LLC acquired a new position in shares of Andretti Acquisition Corp. II in the second quarter valued at about $2,076,000. Finally, Jain Global LLC raised its stake in shares of Andretti Acquisition Corp. II by 282.1% in the third quarter. Jain Global LLC now owns 225,825 shares of the company’s stock worth $2,364,000 after purchasing an additional 166,719 shares during the last quarter.

Andretti Acquisition Corp. II Stock Up 0.3%

Shares of NASDAQ:POLE traded up $0.03 during trading on Friday, reaching $10.58. The stock had a trading volume of 50,586 shares, compared to its average volume of 14,521. Andretti Acquisition Corp. II has a one year low of $10.01 and a one year high of $10.90. The firm’s 50-day simple moving average is $10.52 and its 200 day simple moving average is $10.49.

Andretti Acquisition Corp. II (NASDAQ:POLE) last posted its earnings results on Monday, November 10th. The company reported $0.08 EPS for the quarter.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.