Alussa Energy Acquisition Corp. II (NYSE:ALUB) Stock Short Interest Drops 67.9%

Alussa Energy Acquisition Corp. II (NYSE:ALUB – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,681 shares, a decrease of 67.9% from the September 15th total of 5,242 shares. Based on an average daily volume of 83,692 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alussa Energy Acquisition Corp. II in a report on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Research Report on Alussa Energy Acquisition Corp. II

Alussa Energy Acquisition Corp. II Price Performance

NYSE ALUB traded down $0.04 during midday trading on Monday, hitting $10.13. The company had a trading volume of 4,928 shares, compared to its average volume of 77,198. The stock has a fifty day moving average of $10.12. Alussa Energy Acquisition Corp. II has a fifty-two week low of $9.90 and a fifty-two week high of $10.18.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Alussa Energy Acquisition Corp. II stock. HBK Investments L P purchased a new stake in shares of Alussa Energy Acquisition Corp. II (NYSE:ALUB – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 666,668 shares of the company’s stock, valued at approximately $6,693,000. HBK Investments L P owned about 1.85% of Alussa Energy Acquisition Corp. II as of its most recent SEC filing.

Alussa Energy Acquisition Corp. II Company Profile

(Get Free Report)

Alussa Energy Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike a traditional operating business, the company did not develop, manufacture or sell products and services of its own.

The company’s activities centered on raising funds through a public offering and evaluating potential targets for a merger, share exchange, asset acquisition, reorganization or similar transaction.

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