Alussa Energy Acquisition Corp. II (NYSE:ALUB – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,681 shares, a decline of 67.9% from the September 15th total of 5,242 shares. Based on an average daily volume of 83,692 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.
Institutional Trading of Alussa Energy Acquisition Corp. II
A hedge fund recently bought a new position in Alussa Energy Acquisition Corp. II stock. BlueCrest Capital Management Ltd acquired a new stake in Alussa Energy Acquisition Corp. II (NYSE:ALUB – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 825,000 shares of the company’s stock, valued at approximately $8,283,000. BlueCrest Capital Management Ltd owned 2.30% of Alussa Energy Acquisition Corp. II as of its most recent filing with the SEC.
Alussa Energy Acquisition Corp. II Price Performance
Shares of ALUB remained flat at $10.14 during trading hours on Wednesday. The stock had a trading volume of 55,195 shares, compared to its average volume of 76,013. Alussa Energy Acquisition Corp. II has a one year low of $9.90 and a one year high of $10.18. The company’s fifty day simple moving average is $10.13.
Analysts Set New Price Targets
Check Out Our Latest Analysis on ALUB
About Alussa Energy Acquisition Corp. II
Alussa Energy Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike a traditional operating business, the company did not develop, manufacture or sell products and services of its own.
The company’s activities centered on raising funds through a public offering and evaluating potential targets for a merger, share exchange, asset acquisition, reorganization or similar transaction.
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