Short Interest in AlphaTime Acquisition Corp (NASDAQ:ATMC) Increases By 8.7%

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,500 shares, a growth of 8.7% from the August 15th total of 2,300 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On AlphaTime Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glazer Capital LLC increased its position in shares of AlphaTime Acquisition by 0.3% in the fourth quarter. Glazer Capital LLC now owns 621,061 shares of the company’s stock valued at $6,664,000 after acquiring an additional 2,145 shares during the period. Wolverine Asset Management LLC increased its holdings in AlphaTime Acquisition by 41.9% during 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. Berkley W R Corp raised its position in AlphaTime Acquisition by 93.5% during 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 during the last quarter. Mizuho Securities USA LLC raised its position in AlphaTime Acquisition by 15.5% during the 1st quarter. Mizuho Securities USA LLC now owns 288,625 shares of the company’s stock valued at $3,132,000 after purchasing an additional 38,625 shares during the last quarter. Finally, Shaolin Capital Management LLC lifted its holdings in 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 buying an additional 14,377 shares during the period. 82.24% of the stock is currently owned by institutional investors.

AlphaTime Acquisition Price Performance

NASDAQ:ATMC opened at $11.20 on Tuesday. AlphaTime Acquisition has a fifty-two week low of $10.50 and a fifty-two week high of $11.86. The business has a 50 day moving average price of $11.13 and a 200-day moving average price of $11.05.

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.