AleAnna Inc. (NASDAQ:ANNA) Short Interest Update

AleAnna Inc. (NASDAQ:ANNA) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 163,983 shares, a decrease of 34.7% from the June 30th total of 251,186 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 378,016 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On AleAnna

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new position in AleAnna in the 1st quarter worth $94,000. Keel Point LLC bought a new position in shares of AleAnna during the second quarter valued at about $79,000. Royal Bank of Canada bought a new position in shares of AleAnna during the first quarter valued at about $242,000. Wesbanco Bank Inc. purchased a new position in shares of AleAnna in the first quarter worth about $166,000. Finally, Carlson Capital L.P. increased its holdings in shares of AleAnna by 7.0% in the fourth quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock worth $265,000 after buying an additional 6,000 shares during the period. Institutional investors own 38.10% of the company’s stock.

AleAnna Stock Performance

NASDAQ:ANNA traded down $0.03 during mid-day trading on Friday, reaching $2.77. The stock had a trading volume of 14,481 shares, compared to its average volume of 2,071,013. The stock has a market capitalization of $184.63 million, a P/E ratio of 19.89 and a beta of -1.63. The firm has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $3.64. AleAnna has a one year low of $2.31 and a one year high of $10.64.

AleAnna (NASDAQ:ANNA) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter. The business had revenue of $9.34 million for the quarter. AleAnna had a net margin of 17.43% and a return on equity of 10.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ANNA shares. Weiss Ratings raised shares of AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Wall Street Zen raised AleAnna to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About AleAnna

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.