Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Up 147.4% in July

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

Hedge Funds Weigh In On Andretti Acquisition Corp. II

A number of hedge funds and other institutional investors have recently modified their holdings of POLE. L1 Global Manager Pty Ltd purchased a new position in shares of Andretti Acquisition Corp. II during the fourth quarter worth approximately $1,051,000. Aristeia Capital L.L.C. purchased a new stake in shares of Andretti Acquisition Corp. II in the 4th quarter valued at $2,617,000. Clear Street Group Inc. boosted its stake in shares of Andretti Acquisition Corp. II by 1,179.7% in the 4th quarter. Clear Street Group Inc. now owns 181,772 shares of the company’s stock valued at $1,910,000 after purchasing an additional 167,568 shares in the last quarter. Radcliffe Capital Management L.P. grew its holdings in shares of Andretti Acquisition Corp. II by 0.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock valued at $5,031,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Fort Baker Capital Management LP bought a new position in shares of Andretti Acquisition Corp. II during the 4th quarter valued at $528,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Andretti Acquisition Corp. II Price Performance

POLE opened at $10.83 on Friday. The business’s fifty day simple moving average is $10.78 and its 200 day simple moving average is $10.70. Andretti Acquisition Corp. II has a 52 week low of $10.41 and a 52 week high of $10.90.

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.