AleAnna Inc. (NASDAQ:ANNA) Sees Large Drop in Short Interest

AleAnna Inc. (NASDAQ:ANNA) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 2,246 shares, a decrease of 91.5% from the January 15th total of 26,468 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 24,400 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 24,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

AleAnna Price Performance

Shares of NASDAQ ANNA traded down $0.04 during midday trading on Tuesday, reaching $2.59. The stock had a trading volume of 6,172 shares, compared to its average volume of 17,673. The stock has a 50-day moving average of $2.80 and a 200-day moving average of $3.59. AleAnna has a 12-month low of $2.31 and a 12-month high of $18.30. The company has a market capitalization of $172.62 million and a price-to-earnings ratio of 64.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00.

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On AleAnna

Institutional investors have recently bought and sold shares of the business. Keel Point LLC acquired a new stake in AleAnna in the 2nd quarter valued at about $79,000. Goldman Sachs Group Inc. purchased a new position in AleAnna during the first quarter worth about $94,000. NewGen Equity Long Short Fund purchased a new position in shares of AleAnna during the 2nd quarter worth approximately $204,000. Finally, Carlson Capital L.P. lifted its stake in AleAnna by 7.0% during the 4th quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock worth $265,000 after acquiring an additional 6,000 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other 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.