Alussa Energy Acquisition Corp. II (NYSE:ALUB) Sees Large Increase in Short Interest

Alussa Energy Acquisition Corp. II (NYSE:ALUB) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 334 shares, an increase of 554.9% from the May 14th total of 51 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,539 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Alussa Energy Acquisition Corp. II in a research report on Wednesday, April 29th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Alussa Energy Acquisition Corp. II Stock Up 0.0%

Shares of ALUB traded up $0.00 during mid-day trading on Wednesday, hitting $10.04. The company’s stock had a trading volume of 3,118 shares, compared to its average volume of 66,464. Alussa Energy Acquisition Corp. II has a 52-week low of $9.90 and a 52-week high of $10.10.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.