AleAnna Inc. (NASDAQ:ANNA) Short Interest Up 155.8% in January

AleAnna Inc. (NASDAQ:ANNA) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 26,468 shares, a growth of 155.8% from the December 31st total of 10,346 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 15,090 shares, the short-interest ratio is presently 1.8 days. Based on an average trading volume of 15,090 shares, the short-interest ratio is presently 1.8 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of AleAnna

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ANNA. Keel Point LLC purchased a new position in shares of AleAnna during the 2nd quarter worth $79,000. Goldman Sachs Group Inc. purchased a new stake in shares of AleAnna in the 1st quarter worth $94,000. NewGen Equity Long Short Fund bought a new position in AleAnna in the 2nd quarter worth $204,000. Finally, Carlson Capital L.P. bought a new position in AleAnna in the 3rd quarter worth $362,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

AleAnna Stock Down 4.9%

AleAnna stock opened at $2.73 on Thursday. AleAnna has a one year low of $2.31 and a one year high of $18.30. The stock has a fifty day moving average of $2.88 and a 200 day moving average of $3.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $181.95 million and a PE ratio of 68.25.

AleAnna (NASDAQ:ANNA) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter. AleAnna had a negative return on equity of 14.90% and a negative net margin of 46.01%.The business had revenue of $11.22 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About AleAnna

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.