Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Up 349.3% in January

Andretti Acquisition Corp. II (NASDAQ:POLE) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,525 shares, a growth of 349.3% from the January 15th total of 562 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 100,160 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 100,160 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Andretti Acquisition Corp. II Price Performance

Shares of NASDAQ POLE traded down $0.01 during midday trading on Friday, hitting $10.59. 16,061 shares of the company’s stock traded hands, compared to its average volume of 56,999. The firm has a fifty day moving average of $10.55 and a 200 day moving average of $10.51. Andretti Acquisition Corp. II has a 1 year low of $10.07 and a 1 year high of $10.90.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Andretti Acquisition Corp. II

A number of institutional investors and 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 in the fourth quarter worth $41,000. HRT Financial LP bought a new stake in Andretti Acquisition Corp. II during the 4th quarter valued at approximately $113,000. Clear Street LLC lifted its holdings in Andretti Acquisition Corp. II by 61,656.5% in the 2nd quarter. Clear Street LLC now owns 14,204 shares of the company’s stock worth $147,000 after purchasing an additional 14,181 shares in the last quarter. Clear Street Group Inc. purchased a new position in Andretti Acquisition Corp. II in the 3rd quarter worth approximately $149,000. Finally, Geode Capital Management LLC bought a new position in Andretti Acquisition Corp. II in the 4th quarter worth approximately $207,000.

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.