AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Update

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 200 shares, an increase of 100.0% from the December 31st total of 100 shares. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On AlphaTime Acquisition

A hedge fund recently raised its stake in AlphaTime Acquisition stock. Mizuho Securities USA LLC raised its stake in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 505,896 shares of the company’s stock after buying an additional 198,896 shares during the quarter. Mizuho Securities USA LLC owned approximately 7.36% of AlphaTime Acquisition worth $5,656,000 at the end of the most recent quarter. Institutional investors own 82.24% of the company’s stock.

AlphaTime Acquisition Trading Up 1.1 %

ATMC traded up $0.12 on Thursday, hitting $11.54. 505 shares of the company’s stock were exchanged, compared to its average volume of 1,463. AlphaTime Acquisition has a fifty-two week low of $10.77 and a fifty-two week high of $11.86. The firm has a 50-day moving average price of $11.35 and a 200-day moving average price of $11.25.

AlphaTime Acquisition Company Profile

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.