Short Interest in Andretti Acquisition Corp. II (NASDAQ:POLE) Declines By 81.2%

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 234 shares, a decrease of 81.2% from the June 30th total of 1,246 shares. Based on an average daily volume of 4,112 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Andretti Acquisition Corp. II has an average rating of “Sell”.

Andretti Acquisition Corp. II Price Performance

Shares of NASDAQ:POLE traded up $0.01 during trading on Friday, reaching $10.80. 13,391 shares of the stock were exchanged, compared to its average volume of 10,143. Andretti Acquisition Corp. II has a 1-year low of $10.41 and a 1-year high of $10.90. The stock has a fifty day moving average of $10.76 and a two-hundred day moving average of $10.67.

Andretti Acquisition Corp. II (NASDAQ:POLE) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Whitebox Advisors LLC purchased a new stake in shares of Andretti Acquisition Corp. II in the second quarter valued at about $2,076,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Andretti Acquisition Corp. II during the second quarter valued at about $7,785,000. Sandia Investment Management LP purchased a new position in Andretti Acquisition Corp. II during the second quarter worth about $415,000. Radcliffe Capital Management L.P. purchased a new position in Andretti Acquisition Corp. II during the second quarter worth about $2,386,000. Finally, Jain Global LLC grew its position in Andretti Acquisition Corp. II by 282.1% in the 3rd quarter. Jain Global LLC now owns 225,825 shares of the company’s stock worth $2,364,000 after purchasing an additional 166,719 shares in the last 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.