AlphaTime Acquisition Corp (NASDAQ:ATMCR) Short Interest Update

AlphaTime Acquisition Corp (NASDAQ:ATMCR) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 4,805 shares, a decline of 39.1% from the November 30th total of 7,889 shares. Based on an average daily trading volume, of 145,079 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 145,079 shares, the days-to-cover ratio is presently 0.0 days.

AlphaTime Acquisition Price Performance

NASDAQ:ATMCR remained flat at $0.19 during mid-day trading on Friday. 786,700 shares of the company’s stock were exchanged, compared to its average volume of 39,896. The firm’s 50 day moving average is $0.23 and its two-hundred day moving average is $0.25. AlphaTime Acquisition has a 12-month low of $0.11 and a 12-month high of $0.40.

About AlphaTime Acquisition

AlphaTime Acquisition Corp. (NASDAQ:ATMCR) is a blank check company incorporated as a Cayman Islands exempted company in 2020. The company completed its initial public offering in late 2020, raising gross proceeds of approximately $300 million through the sale of units, each consisting of one Class A ordinary share and one-half of one redeemable warrant. These proceeds are held in a trust account pending completion of a qualifying business combination, and the company has not yet acquired an operating business.

AlphaTime Acquisition intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on sectors such as technology, financial services and healthcare.