Short Interest in AlphaTime Acquisition Corp (NASDAQ:ATMC) Rises By 130.0%

AlphaTime Acquisition Corp (NASDAQ:ATMC) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 2,300 shares, an increase of 130.0% from the July 31st total of 1,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 0.3 days.

AlphaTime Acquisition Stock Down 0.2 %

ATMC stock traded down $0.02 during trading on Thursday, reaching $11.16. 150 shares of the stock were exchanged, compared to its average volume of 19,409. AlphaTime Acquisition has a twelve month low of $10.46 and a twelve month high of $11.86. The stock has a 50 day simple moving average of $11.11 and a 200-day simple moving average of $11.02.

Institutional Trading of AlphaTime Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of ATMC. Quarry LP bought a new stake in AlphaTime Acquisition in the 4th quarter valued at $536,000. Shaolin Capital Management LLC raised its position in AlphaTime Acquisition by 10.1% in the first quarter. Shaolin Capital Management LLC now owns 165,100 shares of the company’s stock worth $1,806,000 after purchasing an additional 15,100 shares in the last quarter. Berkley W R Corp lifted its stake in AlphaTime Acquisition by 27.1% during the first quarter. Berkley W R Corp now owns 168,357 shares of the company’s stock worth $1,842,000 after purchasing an additional 35,849 shares during the period. Mizuho Securities USA LLC boosted its holdings in AlphaTime Acquisition by 94.3% during the fourth quarter. Mizuho Securities USA LLC now owns 250,000 shares of the company’s stock valued at $2,680,000 after purchasing an additional 121,325 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of AlphaTime Acquisition by 41.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 437,933 shares of the company’s stock valued at $4,848,000 after purchasing an additional 129,335 shares during the period. 82.24% of the stock is currently owned by institutional investors.

About AlphaTime Acquisition

AlphaTime Acquisition Corp intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.