Andretti Acquisition Corp. II (NASDAQ:POLE) Sees Large Increase in Short Interest

Andretti Acquisition Corp. II (NASDAQ:POLE) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 579 shares, an increase of 147.4% from the July 15th total of 234 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 14,147 shares, the short-interest ratio is presently 0.0 days.

Andretti Acquisition Corp. II Price Performance

Andretti Acquisition Corp. II stock opened at $10.82 on Friday. Andretti Acquisition Corp. II has a fifty-two week low of $10.41 and a fifty-two week high of $10.90. The firm’s 50 day simple moving average is $10.78 and its 200-day simple moving average is $10.70.

Institutional Investors Weigh In On Andretti Acquisition Corp. II

Institutional investors have recently modified their holdings of the stock. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Andretti Acquisition Corp. II during the second quarter valued at $7,785,000. Cantor Fitzgerald L. P. bought a new stake in shares of Andretti Acquisition Corp. II in the 4th quarter valued at approximately $5,711,000. Radcliffe Capital Management L.P. increased its holdings in Andretti Acquisition Corp. II by 0.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock worth $5,031,000 after buying an additional 1,663 shares during the last quarter. Berkley W R Corp raised its position in 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 in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Andretti Acquisition Corp. II by 172.6% in the fourth quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock valued at $3,725,000 after acquiring an additional 224,442 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Andretti Acquisition Corp. II Company Profile

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.