AlphaTime Acquisition Corp (NASDAQ:ATMC) Sees Large Decline in Short Interest

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 700 shares, a decrease of 12.5% from the February 28th total of 800 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On AlphaTime Acquisition

An institutional investor recently bought a new position in AlphaTime Acquisition stock. Toronto Dominion Bank acquired a new position in AlphaTime Acquisition Corp (NASDAQ:ATMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 28,000 shares of the company’s stock, valued at approximately $319,000. Toronto Dominion Bank owned about 0.41% of AlphaTime Acquisition at the end of the most recent reporting period. Institutional investors and hedge funds own 82.24% of the company’s stock.

AlphaTime Acquisition Stock Up 0.1 %

ATMC opened at $11.63 on Wednesday. AlphaTime Acquisition has a fifty-two week low of $10.92 and a fifty-two week high of $11.86. The company has a fifty day moving average of $11.56 and a 200 day moving average of $11.38.

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.