Andretti Acquisition Corp. II (NASDAQ:POLE) Sees Significant Decline in Short Interest

Andretti Acquisition Corp. II (NASDAQ:POLE) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 200 shares, a decline of 65.5% from the July 30th total of 579 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 68,013 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Andretti Acquisition Corp. II

A number of large investors have recently modified their holdings of POLE. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in Andretti Acquisition Corp. II in the 2nd quarter worth approximately $7,785,000. Cantor Fitzgerald L. P. purchased a new position in Andretti Acquisition Corp. II in the fourth quarter worth $5,711,000. Radcliffe Capital Management L.P. increased its stake in Andretti Acquisition Corp. II by 0.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock valued at $5,031,000 after acquiring an additional 1,663 shares during the last quarter. Berkley W R Corp lifted its stake in Andretti Acquisition Corp. II by 9.6% during the first quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock worth $4,923,000 after purchasing an additional 40,683 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Andretti Acquisition Corp. II by 172.6% during the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock valued at $3,725,000 after buying an additional 224,442 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Andretti Acquisition Corp. II Stock Performance

Shares of NASDAQ POLE opened at $10.71 on Friday. The business has a 50-day simple moving average of $10.79 and a two-hundred day simple moving average of $10.71. Andretti Acquisition Corp. II has a 52 week low of $10.41 and a 52 week high of $10.90.

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.