Alussa Energy Acquisition Corp. II (NYSE:ALUB) Stock Short Interest Jumps 435.8%

Alussa Energy Acquisition Corp. II (NYSE:ALUB) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 25,829 shares, an increase of 435.8% from the October 15th total of 4,821 shares. Based on an average trading volume of 137,428 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Alussa Energy Acquisition Corp. II stock. BlueCrest Capital Management Ltd purchased a new stake in Alussa Energy Acquisition Corp. II (NYSE:ALUB) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 825,000 shares of the company’s stock, valued at approximately $8,283,000. BlueCrest Capital Management Ltd owned 2.30% of Alussa Energy Acquisition Corp. II as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Alussa Energy Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Alussa Energy Acquisition Corp. II Trading Up 0.1%

ALUB traded up $0.01 on Wednesday, hitting $10.18. The company had a trading volume of 322,886 shares, compared to its average volume of 81,659. Alussa Energy Acquisition Corp. II has a 1 year low of $9.90 and a 1 year high of $10.19. The stock’s fifty day simple moving average is $10.14.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike a traditional operating business, the company does not manufacture products or provide commercial services of its own. The company’s stated investment focus is associated with the energy and energy-transition sectors. Its prospective transaction could involve a merger, acquisition, share exchange, or similar combination with a private company, although the specific target and operating activities depend on any completed transaction.