Andretti Acquisition Corp. II (NASDAQ:POLE) Sees Significant Increase in Short Interest

Andretti Acquisition Corp. II (NASDAQ:POLE) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 579 shares, an increase of 147.4% from the July 15th total of 234 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 14,147 shares, the days-to-cover ratio is currently 0.0 days.

Andretti Acquisition Corp. II Stock Performance

POLE stock opened at $10.82 on Friday. The stock’s fifty day simple moving average is $10.78 and its 200-day simple moving average is $10.70. Andretti Acquisition Corp. II has a 52-week low of $10.41 and a 52-week high of $10.90.

Hedge Funds Weigh In On Andretti Acquisition Corp. II

Large investors have recently modified their holdings of the company. L1 Global Manager Pty Ltd acquired a new stake in shares of Andretti Acquisition Corp. II in the fourth quarter valued at approximately $1,051,000. Aristeia Capital L.L.C. bought a new position in Andretti Acquisition Corp. II in the 4th quarter worth approximately $2,617,000. Clear Street Group Inc. grew its holdings in Andretti Acquisition Corp. II by 1,179.7% in the 4th quarter. Clear Street Group Inc. now owns 181,772 shares of the company’s stock worth $1,910,000 after buying an additional 167,568 shares in the last quarter. Radcliffe Capital Management L.P. increased its position in Andretti Acquisition Corp. II by 0.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock valued at $5,031,000 after acquiring an additional 1,663 shares during the period. Finally, Fort Baker Capital Management LP acquired a new stake in Andretti Acquisition Corp. II in the 4th quarter valued at approximately $528,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Andretti Acquisition Corp. II Company Profile

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.