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

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a significant growth in short interest during 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 Stock Up 0.6 %

ATMC stock traded up $0.07 during trading on Friday, reaching $11.49. 505 shares of the stock were exchanged, compared to its average volume of 1,251. AlphaTime Acquisition has a twelve month low of $10.77 and a twelve month high of $11.86. The stock has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $11.25.

Institutional Trading of AlphaTime Acquisition

An institutional investor recently raised its position in AlphaTime Acquisition stock. Mizuho Securities USA LLC raised its position in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505,896 shares of the company’s stock after buying an additional 198,896 shares during the period. Mizuho Securities USA LLC owned 7.36% of AlphaTime Acquisition worth $5,656,000 as of its most recent SEC filing. 82.24% of the stock is currently owned by hedge funds and other 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.