Andretti Acquisition Corp. (NYSE:WNNR) Sees Significant Drop in Short Interest

Andretti Acquisition Corp. (NYSE:WNNR - Get Free Report) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 5,500 shares, a drop of 53.8% from the February 29th total of 11,900 shares. Based on an average daily volume of 65,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Andretti Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the business. Starboard Value LP bought a new stake in Andretti Acquisition during the 1st quarter valued at $4,379,000. State Street Corp bought a new position in shares of Andretti Acquisition in the second quarter valued at approximately $108,000. First Trust Capital Management L.P. purchased a new position in Andretti Acquisition during the fourth quarter valued at approximately $465,000. Boothbay Fund Management LLC bought a new position in Andretti Acquisition in the 1st quarter valued at $1,400,000. Finally, Nomura Holdings Inc. bought a new position in shares of Andretti Acquisition in the first quarter worth $5,696,000. Institutional investors own 51.22% of the company's stock.

Andretti Acquisition Stock Performance

NYSE:WNNR traded up $3.30 during trading hours on Thursday, reaching $13.60. The stock had a trading volume of 1,110,096 shares, compared to its average volume of 106,444. Andretti Acquisition has a 12-month low of $7.60 and a 12-month high of $18.50. The stock has a 50 day simple moving average of $10.25 and a 200 day simple moving average of $10.61.

About Andretti Acquisition

Andretti Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Andretti Acquisition Corp. was incorporated in 2021 and is based in Indianapolis, Indiana.

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