AleAnna Inc. (NASDAQ:ANNA) Sees Significant Growth in Short Interest

AleAnna Inc. (NASDAQ:ANNA) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 6,948 shares, an increase of 209.3% from the January 29th total of 2,246 shares. Based on an average daily trading volume, of 9,478 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,478 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On AleAnna

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANNA. Carlson Capital L.P. increased its position in shares of AleAnna by 7.0% during the fourth quarter. Carlson Capital L.P. now owns 92,000 shares of the company’s stock worth $265,000 after acquiring an additional 6,000 shares during the last quarter. NewGen Equity Long Short Fund acquired a new stake in AleAnna during the 2nd quarter valued at approximately $204,000. Goldman Sachs Group Inc. purchased a new stake in AleAnna during the 1st quarter worth approximately $94,000. Finally, Keel Point LLC acquired a new position in shares of AleAnna in the 2nd quarter valued at approximately $79,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

AleAnna Trading Down 3.4%

ANNA opened at $2.58 on Thursday. The firm’s 50 day moving average is $2.67 and its 200-day moving average is $3.39. AleAnna has a 52-week low of $2.31 and a 52-week high of $18.30. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $171.96 million and a P/E ratio of 64.50.

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.