AleAnna Inc. (NASDAQ:ANNA) Short Interest Update

AleAnna Inc. (NASDAQ:ANNA) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 163,983 shares, a drop of 34.7% from the June 30th total of 251,186 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 378,016 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ANNA. Weiss Ratings upgraded AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of AleAnna to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

AleAnna Trading Up 0.4%

Shares of NASDAQ ANNA opened at $2.81 on Friday. The stock has a 50 day moving average of $3.08 and a two-hundred day moving average of $3.63. AleAnna has a twelve month low of $2.31 and a twelve month high of $10.64. The stock has a market cap of $187.29 million, a P/E ratio of 20.07 and a beta of -1.63.

AleAnna (NASDAQ:ANNA) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter. AleAnna had a net margin of 17.43% and a return on equity of 10.22%. The company had revenue of $9.34 million for the quarter.

Hedge Funds Weigh In On AleAnna

A number of large investors have recently modified their holdings of the business. Keel Point LLC purchased a new position in AleAnna in the second quarter worth $79,000. Goldman Sachs Group Inc. purchased a new stake in AleAnna in the 1st quarter valued at approximately $94,000. Wesbanco Bank Inc. purchased a new stake in shares of AleAnna in the first quarter valued at $166,000. Royal Bank of Canada acquired a new stake in shares of AleAnna during the 1st quarter worth about $242,000. Finally, Carlson Capital L.P. boosted its position in AleAnna by 7.0% during the fourth 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 during 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.