AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Up 100.0% in January

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

AlphaTime Acquisition Price Performance

Shares of ATMC traded up $0.07 during trading hours on Friday, reaching $11.49. The company’s stock had a trading volume of 505 shares, compared to its average volume of 1,251. The company has a 50 day moving average of $11.35 and a two-hundred day moving average of $11.25. AlphaTime Acquisition has a 1-year low of $10.77 and a 1-year high of $11.86.

Hedge Funds Weigh In On AlphaTime Acquisition

An institutional investor recently raised its position in AlphaTime Acquisition stock. Mizuho Securities USA LLC lifted its holdings in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 505,896 shares of the company’s stock after purchasing an additional 198,896 shares during the period. Mizuho Securities USA LLC owned 7.36% of AlphaTime Acquisition worth $5,656,000 at the end of the most recent reporting period. 82.24% of the stock is currently owned by institutional investors.

About AlphaTime Acquisition

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.