Short Interest in AltC Acquisition Corp. (NYSE:ALCC) Rises By 2,600.0%

AltC Acquisition Corp. (NYSE:ALCC) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 37,800 shares, an increase of 2,600.0% from the July 31st total of 1,400 shares. Based on an average daily volume of 615,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On AltC Acquisition

A number of hedge funds have recently made changes to their positions in ALCC. Bank of America Corp DE acquired a new position in shares of AltC Acquisition in the 1st quarter valued at about $44,000. Trexquant Investment LP purchased a new position in AltC Acquisition during the second quarter valued at approximately $116,000. MAS Advisors LLC bought a new stake in AltC Acquisition in the first quarter worth approximately $134,000. Walleye Trading LLC bought a new stake in AltC Acquisition in the second quarter worth approximately $170,000. Finally, GAM Holding AG bought a new stake in shares of AltC Acquisition during the 1st quarter worth $244,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

AltC Acquisition Stock Performance

Shares of NYSE ALCC opened at $10.34 on Friday. AltC Acquisition has a 1 year low of $9.70 and a 1 year high of $10.77. The firm’s 50 day moving average price is $10.40 and its 200 day moving average price is $10.32.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp.