AlphaTime Acquisition Corp (NASDAQ:ATMC) Short Interest Update

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the December 31st total of 200 shares. Based on an average trading volume of 13,500 shares, the days-to-cover ratio is currently 0.0 days.

AlphaTime Acquisition Price Performance

ATMC stock traded up $0.12 during trading on Thursday, hitting $11.54. 505 shares of the company’s stock were exchanged, compared to its average volume of 1,463. The business has a 50-day moving average price of $11.35 and a two-hundred day moving average price of $11.25. AlphaTime Acquisition has a 52-week low of $10.77 and a 52-week high of $11.86.

Institutional Trading of AlphaTime Acquisition

A hedge fund recently raised its stake in AlphaTime Acquisition stock. Mizuho Securities USA LLC grew its position in shares of AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 505,896 shares of the company’s stock after purchasing an additional 198,896 shares during the quarter. Mizuho Securities USA LLC owned approximately 7.36% of AlphaTime Acquisition worth $5,656,000 as of its most recent filing with the SEC. Hedge funds and other 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.