AleAnna Inc. (NASDAQ:ANNA) Stock Short Interest Falls 35.0%

AleAnna Inc. (NASDAQ:ANNA) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 176,105 shares, a decline of 35.0% from the September 15th total of 270,903 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 188,919 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP purchased a new stake in AleAnna during the 2nd quarter worth approximately $113,000. Royal Bank of Canada acquired a new position in shares of AleAnna in the 1st quarter valued at approximately $242,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of AleAnna in the 1st quarter valued at approximately $166,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

AleAnna Price Performance

Shares of ANNA stock opened at $2.55 on Friday. AleAnna has a 12 month low of $2.31 and a 12 month high of $10.64. The firm has a market capitalization of $169.96 million, a P/E ratio of 13.42 and a beta of -1.59. The company’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $3.42.

AleAnna (NASDAQ:ANNA) last announced its earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter. AleAnna had a return on equity of 12.95% and a net margin of 19.76%. The company had revenue of $10.22 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About AleAnna

AleAnna, Inc (NASDAQ: ANNA) is an energy company focused on the exploration, development and production of natural gas and other hydrocarbons. The company’s activities are centered on onshore assets in Italy, with an emphasis on identifying and developing domestic energy resources.

AleAnna’s operations include evaluating prospective acreage, advancing exploration projects and developing natural gas fields through drilling, production and related infrastructure. Its portfolio has included projects in Italy’s Po Valley, a region with a history of natural gas exploration and production.

The company is positioned as an independent energy developer serving the Italian market.