Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Up 39.6% in February

Andretti Acquisition Corp. II (NASDAQ:POLE) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 3,524 shares, a growth of 39.6% from the January 29th total of 2,525 shares. Based on an average daily trading volume, of 51,076 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 51,076 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lineage Point Capital LP acquired a new stake in shares of Andretti Acquisition Corp. II in the fourth quarter valued at approximately $299,000. Toronto Dominion Bank grew its holdings in Andretti Acquisition Corp. II by 172.6% in the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock worth $3,725,000 after buying an additional 224,442 shares in the last quarter. Aristeia Capital L.L.C. acquired a new stake in Andretti Acquisition Corp. II in the 4th quarter valued at approximately $2,617,000. Jain Global LLC raised its stake in Andretti Acquisition Corp. II by 7.0% during the 4th quarter. Jain Global LLC now owns 241,622 shares of the company’s stock valued at $2,547,000 after acquiring an additional 15,797 shares in the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new position in Andretti Acquisition Corp. II during the 4th quarter worth $5,711,000.

Andretti Acquisition Corp. II Stock Performance

POLE stock traded down $0.01 during mid-day trading on Wednesday, reaching $10.61. The company had a trading volume of 10,886 shares, compared to its average volume of 51,407. Andretti Acquisition Corp. II has a one year low of $10.10 and a one year high of $10.90. The stock’s 50-day simple moving average is $10.57 and its two-hundred day simple moving average is $10.53.

About Andretti Acquisition Corp. II

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.