Short Interest in Andretti Acquisition Corp. II (NASDAQ:POLE) Drops By 65.5%

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 200 shares, a decline of 65.5% from the July 30th total of 579 shares. Based on an average daily trading volume, of 68,013 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Andretti Acquisition Corp. II

Hedge funds have recently bought and sold shares of the business. Berkley W R Corp increased its position in shares of Andretti Acquisition Corp. II by 9.6% during the first quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock valued at $4,923,000 after acquiring an additional 40,683 shares during the last quarter. Lineage Point Capital LP acquired a new stake in Andretti Acquisition Corp. II in the fourth quarter valued at $299,000. Toronto Dominion Bank raised its position in shares of Andretti Acquisition Corp. II by 172.6% during the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock worth $3,725,000 after acquiring an additional 224,442 shares in the last quarter. Aristeia Capital L.L.C. purchased a new stake in shares of Andretti Acquisition Corp. II during the 4th quarter worth approximately $2,617,000. Finally, Jain Global LLC lifted its position in Andretti Acquisition Corp. II by 7.0% in the fourth quarter. Jain Global LLC now owns 241,622 shares of the company’s stock valued at $2,547,000 after acquiring an additional 15,797 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Andretti Acquisition Corp. II Stock Down 0.4%

Shares of POLE traded down $0.04 during mid-day trading on Friday, reaching $10.71. The company had a trading volume of 140 shares, compared to its average volume of 36,310. The stock has a 50 day moving average of $10.79 and a two-hundred day moving average of $10.71. Andretti Acquisition Corp. II has a 52-week low of $10.41 and a 52-week high of $10.90.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.