AlphaTime Acquisition Corp (NASDAQ:ATMC) Sees Large Decrease in Short Interest

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 100 shares, a drop of 96.9% from the October 15th total of 3,200 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 0.0 days.

AlphaTime Acquisition Price Performance

AlphaTime Acquisition stock opened at $11.29 on Wednesday. AlphaTime Acquisition has a 52 week low of $10.70 and a 52 week high of $11.86. The company’s 50 day moving average price is $11.23 and its two-hundred day moving average price is $11.14.

Hedge Funds Weigh In On AlphaTime Acquisition

Several hedge funds have recently modified their holdings of the company. Berkley W R Corp raised its holdings in shares of AlphaTime Acquisition by 93.5% in the 2nd quarter. Berkley W R Corp now owns 325,793 shares of the company’s stock worth $3,607,000 after purchasing an additional 157,436 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of AlphaTime Acquisition by 41.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 437,933 shares of the company’s stock worth $4,848,000 after purchasing an additional 129,335 shares during the period. Shaolin Capital Management LLC raised its holdings in shares of AlphaTime Acquisition by 8.7% in the 2nd quarter. Shaolin Capital Management LLC now owns 179,477 shares of the company’s stock worth $1,987,000 after purchasing an additional 14,377 shares during the period. Finally, Mizuho Securities USA LLC raised its holdings in shares of AlphaTime Acquisition by 64.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 505,896 shares of the company’s stock worth $5,656,000 after purchasing an additional 198,896 shares during the period. Institutional investors own 82.24% of the company’s stock.

About AlphaTime Acquisition

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.