AlphaTime Acquisition Corp (NASDAQ:ATMC) Sees Large Decrease in Short Interest

AlphaTime Acquisition Corp (NASDAQ:ATMC) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 96.9% from the October 15th total of 3,200 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of AlphaTime Acquisition

Large investors have recently made changes to their positions in the company. Shaolin Capital Management LLC lifted its position in AlphaTime Acquisition by 10.1% in the 1st quarter. Shaolin Capital Management LLC now owns 165,100 shares of the company’s stock valued at $1,806,000 after acquiring an additional 15,100 shares in the last quarter. Berkley W R Corp lifted its position in AlphaTime Acquisition by 27.1% in the 1st quarter. Berkley W R Corp now owns 168,357 shares of the company’s stock valued at $1,842,000 after acquiring an additional 35,849 shares in the last quarter. Mizuho Securities USA LLC lifted its position in AlphaTime Acquisition by 15.5% in the 1st quarter. Mizuho Securities USA LLC now owns 288,625 shares of the company’s stock valued at $3,132,000 after acquiring an additional 38,625 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in 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 acquiring an additional 129,335 shares in the last quarter. 82.24% of the stock is currently owned by institutional investors and hedge funds.

AlphaTime Acquisition Stock Performance

Shares of ATMC opened at $11.29 on Wednesday. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $11.14. AlphaTime Acquisition has a one year low of $10.70 and a one year high of $11.86.

AlphaTime Acquisition Company Profile

AlphaTime Acquisition Corp does not have significant operations. It 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.