Short Interest in Alussa Energy Acquisition Corp. II (NYSE:ALUB) Declines By 65.2%

Alussa Energy Acquisition Corp. II (NYSE:ALUB) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 681 shares, a decline of 65.2% from the April 15th total of 1,957 shares. Based on an average trading volume of 32,252 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Alussa Energy Acquisition Corp. II Price Performance

Shares of ALUB remained flat at $10.02 during trading hours on Thursday. 68,205 shares of the company were exchanged, compared to its average volume of 29,570. Alussa Energy Acquisition Corp. II has a 1-year low of $9.90 and a 1-year high of $10.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on shares of Alussa Energy Acquisition Corp. II in a report on Wednesday, April 29th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.