Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Down 19.6% in April

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 776 shares, a decline of 19.6% from the March 31st total of 965 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 7,198 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Andretti Acquisition Corp. II

A number of hedge funds have recently added to or reduced their stakes in POLE. FNY Investment Advisers LLC purchased a new stake in shares of Andretti Acquisition Corp. II during the 4th quarter worth about $41,000. HRT Financial LP purchased a new stake in shares of Andretti Acquisition Corp. II in the fourth quarter valued at approximately $113,000. Clear Street Group Inc. acquired a new position in shares of Andretti Acquisition Corp. II during the 3rd quarter worth approximately $149,000. Geode Capital Management LLC acquired a new stake in Andretti Acquisition Corp. II in the 4th quarter valued at $207,000. Finally, Lineage Point Capital LP acquired a new position in Andretti Acquisition Corp. II during the fourth quarter worth $299,000.

Andretti Acquisition Corp. II Price Performance

Shares of NASDAQ POLE remained flat at $10.69 during mid-day trading on Friday. The company had a trading volume of 3,599 shares, compared to its average volume of 31,401. The stock’s fifty day moving average price is $10.64 and its 200 day moving average price is $10.59. Andretti Acquisition Corp. II has a 52-week low of $10.22 and a 52-week high of $10.90.

Andretti Acquisition Corp. II (NASDAQ:POLE) last issued its quarterly earnings results on Tuesday, March 24th. The company reported $0.05 earnings per share 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.