Short Interest in AlphaTime Acquisition Corp (NASDAQ:ATMC) Increases By 700.0%

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 800 shares, an increase of 700.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AlphaTime Acquisition stock. Mizuho Securities USA LLC increased its position in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 505,896 shares of the company’s stock after purchasing an additional 198,896 shares during the quarter. Mizuho Securities USA LLC owned approximately 7.36% of AlphaTime Acquisition worth $5,656,000 as of its most recent filing with the Securities & Exchange Commission. 82.24% of the stock is currently owned by institutional investors.

AlphaTime Acquisition Stock Performance

ATMC opened at $11.51 on Thursday. The business has a 50 day moving average of $11.38 and a 200-day moving average of $11.28. AlphaTime Acquisition has a 52 week low of $10.81 and a 52 week 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.