AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Down 12.5% in February

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 700 shares, a decrease of 12.5% from the January 31st total of 800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 9,400 shares, the days-to-cover ratio is currently 0.1 days.

AlphaTime Acquisition Price Performance

Shares of NASDAQ ATMC opened at $11.63 on Friday. AlphaTime Acquisition has a 12-month low of $10.92 and a 12-month high of $11.86. The company’s fifty day simple moving average is $11.45 and its 200 day simple moving average is $11.33.

Hedge Funds Weigh In On AlphaTime Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought a new position in AlphaTime Acquisition during the fourth quarter valued at about $319,000. Boothbay Fund Management LLC bought a new position in AlphaTime Acquisition during the fourth quarter worth about $2,135,000. Finally, Mizuho Securities USA LLC boosted its position in AlphaTime Acquisition by 64.8% during the third 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.

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.