Andretti Acquisition Corp. II (NASDAQ:POLE) Short Interest Down 57.0% in February

Andretti Acquisition Corp. II (NASDAQ:POLE) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,517 shares, a decline of 57.0% from the February 12th total of 3,524 shares. Based on an average daily volume of 40,841 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 40,841 shares, the short-interest ratio is presently 0.0 days.

Andretti Acquisition Corp. II Stock Performance

Shares of POLE opened at $10.62 on Wednesday. Andretti Acquisition Corp. II has a fifty-two week low of $10.11 and a fifty-two week high of $10.90. The firm has a 50 day moving average price of $10.58 and a 200-day moving average price of $10.54.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp purchased a new stake in shares of Andretti Acquisition Corp. II in the 2nd quarter worth about $20,552,000. Magnetar Financial LLC bought a new stake in Andretti Acquisition Corp. II in the 2nd quarter worth about $14,532,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Andretti Acquisition Corp. II in the second quarter worth approximately $7,785,000. Cantor Fitzgerald L. P. purchased a new position in shares of Andretti Acquisition Corp. II in the 4th quarter worth $5,711,000. Finally, Toronto Dominion Bank grew its stake in shares of Andretti Acquisition Corp. II by 172.6% during the 4th quarter. Toronto Dominion Bank now owns 354,442 shares of the company’s stock valued at $3,725,000 after purchasing an additional 224,442 shares during the period.

Wall Street Analysts Forecast Growth

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

Andretti Acquisition Corp. II Company Profile

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.