AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Update

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 2,500 shares, a growth of 8.7% from the August 15th total of 2,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATMC. Shaolin Capital Management LLC grew its stake in shares of AlphaTime Acquisition by 8.7% in the second quarter. Shaolin Capital Management LLC now owns 179,477 shares of the company’s stock worth $1,987,000 after acquiring an additional 14,377 shares during the last quarter. Berkley W R Corp grew its position in AlphaTime Acquisition by 93.5% during the 2nd quarter. Berkley W R Corp now owns 325,793 shares of the company’s stock valued at $3,607,000 after purchasing an additional 157,436 shares during the last quarter. Wolverine Asset Management LLC increased its stake in AlphaTime Acquisition by 41.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 437,933 shares of the company’s stock valued at $4,848,000 after purchasing an additional 129,335 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in AlphaTime Acquisition by 15.5% in the first quarter. Mizuho Securities USA LLC now owns 288,625 shares of the company’s stock worth $3,132,000 after buying an additional 38,625 shares during the last quarter. Finally, Quarry LP bought a new position in shares of AlphaTime Acquisition in the fourth quarter worth approximately $536,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.

AlphaTime Acquisition Price Performance

Shares of ATMC stock traded up $0.04 during trading hours on Monday, hitting $11.20. 4,998 shares of the company’s stock traded hands, compared to its average volume of 19,237. The stock’s fifty day simple moving average is $11.13 and its two-hundred day simple moving average is $11.05. AlphaTime Acquisition has a 12-month low of $10.50 and a 12-month high of $11.86.

About AlphaTime Acquisition

AlphaTime Acquisition Corp intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.