AleAnna Inc. (NASDAQ:ANNA) Short Interest Update

AleAnna Inc. (NASDAQ:ANNA) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 667,305 shares, a growth of 341.1% from the March 15th total of 151,286 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 18,095,186 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of AleAnna in a research report on Wednesday, January 21st. Wall Street Zen raised shares of AleAnna to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, AleAnna currently has an average rating of “Sell”.

AleAnna Trading Down 17.9%

Shares of AleAnna stock opened at $4.99 on Friday. The firm has a market capitalization of $332.58 million, a PE ratio of 124.78 and a beta of -1.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.93 and a quick ratio of 1.93. The company’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $3.65. AleAnna has a 52-week low of $2.31 and a 52-week high of $18.30.

Insider Activity

In related news, major shareholder C John Wilder sold 82,260 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $4.17, for a total transaction of $343,024.20. Following the completion of the sale, the insider directly owned 30,152,940 shares in the company, valued at approximately $125,737,759.80. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 325,784 shares of company stock valued at $1,224,557 over the last ninety days. 42.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AleAnna

Several large investors have recently made changes to their positions in the company. Carlson Capital L.P. bought a new stake in AleAnna during the 3rd quarter worth approximately $362,000. Goldman Sachs Group Inc. bought a new stake in AleAnna during the 1st quarter worth about $94,000. Finally, Keel Point LLC bought a new stake in AleAnna during the 2nd quarter worth about $79,000. Institutional investors own 38.10% of the company’s stock.

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.