Short Interest in AleAnna Inc. (NASDAQ:ANNA) Drops By 28.4%

AleAnna Inc. (NASDAQ:ANNA) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 10,346 shares, a decrease of 28.4% from the December 15th total of 14,451 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 24,319 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 24,319 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

AleAnna Price Performance

Shares of AleAnna stock opened at $2.57 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $171.29 million and a price-to-earnings ratio of 64.25. AleAnna has a twelve month low of $2.31 and a twelve month high of $18.30. The company has a 50-day simple moving average of $2.96 and a two-hundred day simple moving average of $3.86.

AleAnna (NASDAQ:ANNA) last announced its earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter. AleAnna had a negative net margin of 46.01% and a negative return on equity of 14.90%. The firm had revenue of $11.22 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, AleAnna presently has an average rating of “Sell”.

Institutional Trading of AleAnna

A number of institutional investors have recently modified their holdings of ANNA. Carlson Capital L.P. acquired a new stake in shares of AleAnna during the 3rd quarter worth $362,000. NewGen Equity Long Short Fund bought a new stake in AleAnna during the second quarter worth about $204,000. Goldman Sachs Group Inc. acquired a new stake in AleAnna during the first quarter worth about $94,000. Finally, Keel Point LLC acquired a new stake in AleAnna during the second quarter worth about $79,000. 38.10% of the stock is currently owned by institutional investors.

About AleAnna

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.