Short Interest in AltC Acquisition Corp. (NYSE:ALCC) Rises By 13.0%

AltC Acquisition Corp. (NYSE:ALCC - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 120,300 shares, an increase of 13.0% from the March 31st total of 106,500 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 575,900 shares, the short-interest ratio is currently 0.2 days.

AltC Acquisition Price Performance

NYSE:ALCC traded up $0.20 during trading hours on Wednesday, hitting $13.94. 1,403,067 shares of the company traded hands, compared to its average volume of 548,201. The firm has a 50-day moving average of $11.84 and a 200 day moving average of $10.98. AltC Acquisition has a twelve month low of $10.24 and a twelve month high of $17.49.

Institutional Trading of AltC Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of ALCC. Cowen AND Company LLC acquired a new position in AltC Acquisition in the fourth quarter worth about $896,000. FNY Investment Advisers LLC grew its holdings in shares of AltC Acquisition by 24.3% during the fourth quarter. FNY Investment Advisers LLC now owns 87,250 shares of the company's stock worth $921,000 after purchasing an additional 17,049 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of AltC Acquisition in the third quarter valued at about $931,000. Spartan Fund Management Inc. acquired a new position in AltC Acquisition during the 3rd quarter worth about $1,258,000. Finally, K2 Principal Fund L.P. bought a new stake in AltC Acquisition during the 3rd quarter worth about $1,478,000. 85.03% of the stock is currently owned by institutional investors.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other 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.

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