Short Interest in Andretti Acquisition Corp. II (NASDAQ:POLE) Rises By 138.9%

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 805 shares, an increase of 138.9% from the December 15th total of 337 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,087 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 10,087 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Andretti Acquisition Corp. II

Several large investors have recently modified their holdings of the stock. Clear Street LLC raised its position in shares of Andretti Acquisition Corp. II by 61,656.5% during the second quarter. Clear Street LLC now owns 14,204 shares of the company’s stock worth $147,000 after purchasing an additional 14,181 shares during the period. Clear Street Group Inc. acquired a new stake in Andretti Acquisition Corp. II during the 3rd quarter worth about $149,000. Wolverine Asset Management LLC raised its holdings in Andretti Acquisition Corp. II by 2.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 1,087,579 shares of the company’s stock worth $11,376,000 after buying an additional 29,401 shares during the period. Sandia Investment Management LP purchased a new stake in Andretti Acquisition Corp. II during the second quarter valued at about $415,000. Finally, Jain Global LLC boosted its holdings in shares of Andretti Acquisition Corp. II by 282.1% in the third quarter. Jain Global LLC now owns 225,825 shares of the company’s stock worth $2,364,000 after buying an additional 166,719 shares during the period.

Andretti Acquisition Corp. II Stock Performance

NASDAQ:POLE opened at $10.55 on Wednesday. Andretti Acquisition Corp. II has a twelve month low of $10.01 and a twelve month high of $10.90. The company has a 50-day moving average of $10.52 and a 200-day moving average of $10.48.

Andretti Acquisition Corp. II (NASDAQ:POLE) last released its earnings results on Monday, November 10th. The company reported $0.08 EPS for the quarter.

Wall Street Analyst Weigh In

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

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.