AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Up 100.0% in January

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a significant increase in short interest in 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 trading volume of 13,300 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AlphaTime Acquisition stock. Mizuho Securities USA LLC increased its holdings in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 505,896 shares of the company’s stock after purchasing an additional 198,896 shares during the quarter. Mizuho Securities USA LLC owned 7.36% of AlphaTime Acquisition worth $5,656,000 at the end of the most recent reporting period. 82.24% of the stock is currently owned by hedge funds and other institutional investors.

AlphaTime Acquisition Stock Performance

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

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.