Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Update

Andretti Acquisition Corp. II (NASDAQ:POLE) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 200 shares, a decline of 65.5% from the July 30th total of 579 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 68,013 shares, the short-interest ratio is presently 0.0 days.

Andretti Acquisition Corp. II Stock Down 0.4%

Shares of POLE stock traded down $0.04 during trading hours on Friday, reaching $10.71. 140 shares of the stock were exchanged, compared to its average volume of 25,244. The business’s fifty day moving average is $10.79 and its two-hundred day moving average is $10.71. Andretti Acquisition Corp. II has a 12-month low of $10.41 and a 12-month high of $10.90.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Andretti Acquisition Corp. II

A number of hedge funds and other institutional investors have recently modified their holdings of POLE. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Andretti Acquisition Corp. II during the second quarter worth $7,785,000. Cantor Fitzgerald L. P. acquired a new position in shares of Andretti Acquisition Corp. II during the 4th quarter worth about $5,711,000. Radcliffe Capital Management L.P. boosted its position in shares of Andretti Acquisition Corp. II by 0.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 478,664 shares of the company’s stock worth $5,031,000 after acquiring an additional 1,663 shares in the last quarter. Berkley W R Corp increased its holdings in shares of Andretti Acquisition Corp. II by 9.6% in the 1st quarter. Berkley W R Corp now owns 462,495 shares of the company’s stock valued at $4,923,000 after acquiring an additional 40,683 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Andretti Acquisition Corp. II by 172.6% during the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock worth $3,725,000 after acquiring an additional 224,442 shares in the last quarter.

About Andretti Acquisition Corp. II

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.