AleAnna Inc. (NASDAQ:ANNA) Short Interest Up 382.9% in March

AleAnna Inc. (NASDAQ:ANNA) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 151,286 shares, an increase of 382.9% from the February 26th total of 31,326 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 900,217 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity at AleAnna

In other news, major shareholder C John Wilder sold 82,260 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $4.17, for a total transaction of $343,024.20. Following the completion of the transaction, the insider directly owned 30,152,940 shares of the company’s stock, valued at $125,737,759.80. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 325,784 shares of company stock valued at $1,224,557 in the last three months. Insiders own 42.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in AleAnna in the 1st quarter worth $94,000. Keel Point LLC purchased a new position in shares of AleAnna in the second quarter valued at about $79,000. Finally, Carlson Capital L.P. purchased a new position in shares of AleAnna in the third quarter valued at about $362,000. Institutional investors own 38.10% of the company’s stock.

AleAnna Stock Performance

ANNA opened at $6.97 on Thursday. The company has a 50 day simple moving average of $3.26 and a two-hundred day simple moving average of $3.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $464.55 million, a P/E ratio of 174.25 and a beta of -0.02. AleAnna has a 1-year low of $2.31 and a 1-year high of $18.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About AleAnna

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.