AleAnna Inc. (NASDAQ:ANNA) Sees Significant Decline in Short Interest

AleAnna Inc. (NASDAQ:ANNA) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 176,105 shares, a drop of 35.0% from the September 15th total of 270,903 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 188,919 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, AleAnna currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new stake in shares of AleAnna during the 2nd quarter valued at about $113,000. Royal Bank of Canada purchased a new position in shares of AleAnna during the first quarter valued at about $242,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of AleAnna during the first quarter valued at about $166,000. 38.10% of the stock is currently owned by institutional investors.

AleAnna Stock Performance

ANNA opened at $2.57 on Friday. The stock has a market capitalization of $171.29 million, a PE ratio of 13.95 and a beta of -1.59. The stock’s 50 day moving average price is $2.83 and its 200-day moving average price is $3.42. AleAnna has a 52-week low of $2.31 and a 52-week high of $10.64.

AleAnna (NASDAQ:ANNA) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.06 EPS for the quarter. AleAnna had a return on equity of 12.95% and a net margin of 19.76%. The company had revenue of $10.22 million during the quarter.

About AleAnna

AleAnna, Inc (NASDAQ: ANNA) is an energy company focused on the exploration, development and production of natural gas and other hydrocarbons. The company’s activities are centered on onshore assets in Italy, with an emphasis on identifying and developing domestic energy resources.

AleAnna’s operations include evaluating prospective acreage, advancing exploration projects and developing natural gas fields through drilling, production and related infrastructure. Its portfolio has included projects in Italy’s Po Valley, a region with a history of natural gas exploration and production.

The company is positioned as an independent energy developer serving the Italian market.