Short Interest in AlphaTime Acquisition Corp (NASDAQ:ATMC) Grows By 100.0%

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 200 shares, a growth of 100.0% from the December 15th total of 100 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is presently 0.0 days.

AlphaTime Acquisition Stock Performance

Shares of AlphaTime Acquisition stock remained flat at $11.32 during trading hours on Wednesday. 2 shares of the company’s stock were exchanged, compared to its average volume of 350. The business has a 50 day simple moving average of $11.33 and a two-hundred day simple moving average of $11.23. AlphaTime Acquisition has a 12-month low of $10.77 and a 12-month high of $11.86.

Institutional Investors Weigh In On AlphaTime Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of ATMC. Shaolin Capital Management LLC grew its holdings 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 purchasing an additional 14,377 shares during the last quarter. Berkley W R Corp lifted its holdings in shares of 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 buying an additional 157,436 shares during the period. Finally, Mizuho Securities USA LLC grew its position in shares of AlphaTime Acquisition by 64.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 505,896 shares of the company’s stock valued at $5,656,000 after acquiring an additional 198,896 shares during the period. Institutional investors own 82.24% of the company’s stock.

AlphaTime Acquisition Company Profile

AlphaTime Acquisition Corp does not have significant operations. It 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.