Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Update

Andretti Acquisition Corp. II (NASDAQ:POLE) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 234 shares, a decrease of 81.2% from the June 30th total of 1,246 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,112 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Berkley W R Corp boosted its stake in Andretti Acquisition Corp. II by 9.6% during the first quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock valued at $4,923,000 after buying an additional 40,683 shares during the period. Lineage Point Capital LP bought a new position in Andretti Acquisition Corp. II in the 4th quarter worth about $299,000. Toronto Dominion Bank increased its stake in Andretti Acquisition Corp. II by 172.6% in the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock worth $3,725,000 after acquiring an additional 224,442 shares during the last quarter. Aristeia Capital L.L.C. purchased a new stake in shares of Andretti Acquisition Corp. II in the 4th quarter valued at about $2,617,000. Finally, Jain Global LLC raised its holdings in shares of Andretti Acquisition Corp. II by 7.0% in the 4th quarter. Jain Global LLC now owns 241,622 shares of the company’s stock valued at $2,547,000 after acquiring an additional 15,797 shares in the last quarter.

Andretti Acquisition Corp. II Trading Up 0.1%

Shares of Andretti Acquisition Corp. II stock traded up $0.01 on Monday, reaching $10.80. The stock had a trading volume of 3,036 shares, compared to its average volume of 23,774. Andretti Acquisition Corp. II has a 1 year low of $10.41 and a 1 year high of $10.90. The business’s 50 day moving average is $10.76 and its two-hundred day moving average is $10.67.

Andretti Acquisition Corp. II (NASDAQ:POLE) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.