Alussa Energy Acquisition Corp. II (NYSE:ALUB – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,821 shares, a growth of 186.8% from the September 30th total of 1,681 shares. Based on an average daily trading volume, of 19,697 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Alussa Energy Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Report on ALUB
Hedge Funds Weigh In On 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 position in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC filing.
Alussa Energy Acquisition Corp. II Stock Performance
Shares of Alussa Energy Acquisition Corp. II stock traded up $0.01 on Thursday, reaching $10.15. The company had a trading volume of 816 shares, compared to its average volume of 81,930. The firm’s 50-day simple moving average is $10.13. Alussa Energy Acquisition Corp. II has a 1 year low of $9.90 and a 1 year high of $10.18.
About Alussa Energy Acquisition Corp. II
Alussa Energy Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike a traditional operating business, the company does not manufacture products or provide commercial services of its own.
The company’s stated investment focus is associated with the energy and energy-transition sectors. Its prospective transaction could involve a merger, acquisition, share exchange, or similar combination with a private company, although the specific target and operating activities depend on any completed transaction.
Until a business combination is completed, Alussa Energy Acquisition Corp.
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