AleAnna Inc. (NASDAQ:ANNA) Short Interest Up 350.9% in February

AleAnna Inc. (NASDAQ:ANNA) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 31,326 shares, an increase of 350.9% from the February 12th total of 6,948 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 121,593 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 121,593 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Insiders Place Their Bets

In related news, major shareholder C John Wilder sold 91,373 shares of AleAnna stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.81, for a total transaction of $348,131.13. Following the transaction, the insider directly owned 30,359 shares of the company’s stock, valued at $115,667.79. The trade was a 75.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 325,784 shares of company stock worth $1,224,557 over the last ninety days. Company insiders own 42.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ANNA. Goldman Sachs Group Inc. purchased a new stake in shares of AleAnna in the first quarter worth approximately $94,000. NewGen Equity Long Short Fund purchased a new position in AleAnna during the second quarter valued at approximately $204,000. Keel Point LLC purchased a new position in AleAnna during the second quarter valued at approximately $79,000. Finally, Carlson Capital L.P. acquired a new position in AleAnna in the 3rd quarter valued at approximately $362,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

AleAnna Trading Up 4.6%

NASDAQ ANNA opened at $3.64 on Friday. AleAnna has a twelve month low of $2.31 and a twelve month high of $18.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $242.61 million, a price-to-earnings ratio of 91.00 and a beta of -0.02. The firm’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $3.34.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AleAnna in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About AleAnna

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.