AltC Acquisition Corp. (NYSE:ALCC – Get Rating) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 4,400 shares, an increase of 238.5% from the April 30th total of 1,300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 112,900 shares, the short-interest ratio is presently 0.0 days.
Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in AltC Acquisition during the 3rd quarter valued at $36,692,000. PEAK6 Investments LLC acquired a new stake in AltC Acquisition during the 3rd quarter valued at $32,418,000. BlackRock Inc. acquired a new stake in AltC Acquisition during the 3rd quarter valued at $24,545,000. Empyrean Capital Partners LP acquired a new stake in AltC Acquisition during the 3rd quarter valued at $24,550,000. Finally, Millennium Management LLC acquired a new stake in AltC Acquisition during the 3rd quarter valued at $19,790,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of ALCC stock opened at $9.67 on Friday. The company’s fifty day simple moving average is $9.73 and its 200-day simple moving average is $9.78. AltC Acquisition has a 52 week low of $9.50 and a 52 week high of $10.16.
AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.
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