Alussa Energy Acquisition Corp. II (NYSE:ALUB) Sees Large Growth in Short Interest

Alussa Energy Acquisition Corp. II (NYSE:ALUB) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 553 shares, an increase of 67.6% from the June 30th total of 330 shares. Based on an average daily volume of 85,586 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Alussa Energy Acquisition Corp. II from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Alussa Energy Acquisition Corp. II presently has a consensus rating of “Sell”.

Alussa Energy Acquisition Corp. II Trading Up 0.0%

ALUB stock traded up $0.01 during midday trading on Friday, reaching $10.11. 140 shares of the company’s stock traded hands, compared to its average volume of 70,080. Alussa Energy Acquisition Corp. II has a 52-week low of $9.90 and a 52-week high of $10.10. The stock’s 50-day moving average is $10.05.

About Alussa Energy Acquisition Corp. II

Alussa Energy Acquisition Corp II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.