Short Interest in AleAnna Inc. (NASDAQ:ANNA) Decreases By 28.4%

AleAnna Inc. (NASDAQ:ANNA) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 10,346 shares, a drop of 28.4% from the December 15th total of 14,451 shares. Based on an average trading volume of 24,319 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 24,319 shares, the short-interest ratio is currently 0.4 days.

AleAnna Price Performance

AleAnna stock opened at $2.57 on Friday. AleAnna has a one year low of $2.31 and a one year 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 business has a fifty day moving average of $2.96 and a two-hundred day moving average of $3.88. The company has a market cap of $171.29 million and a P/E ratio of 64.25.

AleAnna (NASDAQ:ANNA) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter. AleAnna had a negative net margin of 46.01% and a negative return on equity of 14.90%. The business had revenue of $11.22 million for the quarter.

Institutional Investors Weigh In On AleAnna

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

AleAnna Company Profile

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.