Short Interest in AltC Acquisition Corp. (NYSE:ALCC) Rises By 886.1%

AltC Acquisition Corp. (NYSE:ALCC - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 106,500 shares, a growth of 886.1% from the March 15th total of 10,800 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 441,600 shares, the days-to-cover ratio is presently 0.2 days.

AltC Acquisition Price Performance

Shares of AltC Acquisition stock traded down $0.99 during midday trading on Wednesday, hitting $13.17. 1,750,762 shares of the company were exchanged, compared to its average volume of 446,475. AltC Acquisition has a 52 week low of $10.10 and a 52 week high of $17.49. The firm has a 50 day simple moving average of $11.18 and a 200-day simple moving average of $10.71.

Hedge Funds Weigh In On AltC Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in shares of AltC Acquisition during the 1st quarter worth approximately $44,000. Trexquant Investment LP bought a new position in AltC Acquisition in the 2nd quarter valued at $116,000. Walleye Trading LLC bought a new position in AltC Acquisition in the 2nd quarter valued at $170,000. Qube Research & Technologies Ltd bought a new position in AltC Acquisition in the 3rd quarter valued at $293,000. Finally, Toroso Investments LLC bought a new position in AltC Acquisition in the 4th quarter valued at $298,000. Institutional investors own 85.03% of the company's stock.

AltC Acquisition Company Profile

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.