AlphaTime Acquisition Corp (NASDAQ:ATMC) Sees Significant Increase in Short Interest

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 200 shares, an increase of 100.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of AlphaTime Acquisition

Several large investors have recently bought and sold shares of ATMC. Shaolin Capital Management LLC grew its holdings in shares of AlphaTime Acquisition by 8.7% during the second quarter. Shaolin Capital Management LLC now owns 179,477 shares of the company’s stock valued at $1,987,000 after purchasing an additional 14,377 shares during the last quarter. Berkley W R Corp lifted its stake in AlphaTime Acquisition by 93.5% in the second quarter. Berkley W R Corp now owns 325,793 shares of the company’s stock valued at $3,607,000 after acquiring an additional 157,436 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of AlphaTime Acquisition by 64.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 505,896 shares of the company’s stock worth $5,656,000 after purchasing an additional 198,896 shares during the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.

AlphaTime Acquisition Stock Performance

NASDAQ:ATMC remained flat at $11.32 on Wednesday. 2 shares of the company’s stock were exchanged, compared to its average volume of 350. AlphaTime Acquisition has a 52 week low of $10.77 and a 52 week high of $11.86. The stock’s 50-day simple moving average is $11.33 and its two-hundred day simple moving average is $11.23.

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.