Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Down 30.2% in January

Andretti Acquisition Corp. II (NASDAQ:POLE) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 562 shares, a drop of 30.2% from the December 31st total of 805 shares. Based on an average daily volume of 7,705 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,705 shares, the short-interest ratio is presently 0.1 days.

Andretti Acquisition Corp. II Stock Performance

NASDAQ POLE traded down $0.01 on Friday, reaching $10.59. The company’s stock had a trading volume of 657 shares, compared to its average volume of 54,330. Andretti Acquisition Corp. II has a 52 week low of $10.04 and a 52 week high of $10.90. The business has a 50-day moving average price of $10.53 and a 200 day moving average price of $10.50.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Andretti Acquisition Corp. II

Several institutional investors have recently added to or reduced their stakes in POLE. Alberta Investment Management Corp bought a new position in Andretti Acquisition Corp. II in the 2nd quarter valued at $20,552,000. Magnetar Financial LLC acquired a new stake in shares of Andretti Acquisition Corp. II in the 2nd quarter valued at approximately $14,532,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Andretti Acquisition Corp. II during the second quarter worth $7,785,000. Wolverine Asset Management LLC lifted its holdings in Andretti Acquisition Corp. II by 60.8% during the second quarter. Wolverine Asset Management LLC now owns 1,058,178 shares of the company’s stock worth $10,984,000 after acquiring an additional 400,079 shares in the last quarter. Finally, Wealthspring Capital LLC lifted its holdings in shares of Andretti Acquisition Corp. II by 2,607.0% during the 2nd quarter. Wealthspring Capital LLC now owns 377,630 shares of the company’s stock valued at $3,920,000 after purchasing an additional 363,680 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.