Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Down 30.2% in January

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 562 shares, a drop of 30.2% from the December 31st total of 805 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,705 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 7,705 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, Andretti Acquisition Corp. II currently has a consensus rating of “Sell”.

Andretti Acquisition Corp. II Price Performance

Shares of NASDAQ:POLE traded down $0.01 during midday trading on Friday, hitting $10.59. 657 shares of the stock were exchanged, compared to its average volume of 54,330. Andretti Acquisition Corp. II has a 52-week low of $10.04 and a 52-week high of $10.90. The business’s fifty day simple moving average is $10.53 and its two-hundred day simple moving average is $10.50.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of POLE. FNY Investment Advisers LLC bought a new stake in Andretti Acquisition Corp. II in the fourth quarter worth $41,000. Clear Street LLC lifted its position 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. bought a new stake in shares of Andretti Acquisition Corp. II during the 3rd quarter worth about $149,000. Sandia Investment Management LP acquired a new position in shares of Andretti Acquisition Corp. II during the 2nd quarter valued at about $415,000. Finally, Whitebox Advisors LLC bought a new position in shares of Andretti Acquisition Corp. II in the 2nd quarter valued at approximately $2,076,000.

About Andretti Acquisition Corp. II

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.