AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Up 100.0% in December

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 200 shares, a growth of 100.0% from the December 15th total of 100 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of AlphaTime Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in ATMC. Mizuho Securities USA LLC increased its holdings in AlphaTime Acquisition by 64.8% in the third quarter. Mizuho Securities USA LLC now owns 505,896 shares of the company’s stock valued at $5,656,000 after buying an additional 198,896 shares in the last quarter. Shaolin Capital Management LLC grew its holdings in shares of AlphaTime Acquisition by 8.7% in the 2nd quarter. Shaolin Capital Management LLC now owns 179,477 shares of the company’s stock worth $1,987,000 after acquiring an additional 14,377 shares during the period. Finally, Berkley W R Corp increased its stake in AlphaTime Acquisition by 93.5% in the 2nd quarter. Berkley W R Corp now owns 325,793 shares of the company’s stock valued at $3,607,000 after purchasing an additional 157,436 shares in the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.

AlphaTime Acquisition Stock Performance

AlphaTime Acquisition stock remained flat at $11.32 during midday trading on Thursday. The company’s stock had a trading volume of 19 shares, compared to its average volume of 1,519. AlphaTime Acquisition has a 12 month low of $10.77 and a 12 month high of $11.86. The company’s fifty day simple moving average is $11.33 and its 200 day simple moving average is $11.23.

About AlphaTime Acquisition

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.