Alussa Energy Acquisition Corp. II (NYSE:ALUB) Stock Short Interest Drops 67.9%

Alussa Energy Acquisition Corp. II (NYSE:ALUB) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,681 shares, a drop of 67.9% from the September 15th total of 5,242 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 83,692 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Alussa Energy Acquisition Corp. II

A hedge fund recently bought a new stake in Alussa Energy Acquisition Corp. II stock. HBK Investments L P acquired a new stake in Alussa Energy Acquisition Corp. II (NYSE:ALUB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 666,668 shares of the company’s stock, valued at approximately $6,693,000. HBK Investments L P owned approximately 1.85% of Alussa Energy Acquisition Corp. II at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alussa Energy Acquisition Corp. II in a research note on Monday, September 28th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Alussa Energy Acquisition Corp. II Stock Up 0.0%

ALUB stock traded up $0.01 during midday trading on Tuesday, hitting $10.13. 2,737 shares of the company’s stock were exchanged, compared to its average volume of 76,611. Alussa Energy Acquisition Corp. II has a 1-year low of $9.90 and a 1-year high of $10.18. The company’s 50-day simple moving average is $10.13.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike a traditional operating business, the company did not develop, manufacture or sell products and services of its own.

The company’s activities centered on raising funds through a public offering and evaluating potential targets for a merger, share exchange, asset acquisition, reorganization or similar transaction.