AleAnna Inc. (NASDAQ:ANNA) Short Interest Update

AleAnna Inc. (NASDAQ:ANNA) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 31,326 shares, a growth of 350.9% from the February 12th total of 6,948 shares. Based on an average daily volume of 121,593 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 121,593 shares, the days-to-cover ratio is presently 0.3 days.

Insider Activity at AleAnna

In other news, major shareholder C John Wilder sold 82,260 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $4.17, for a total value of $343,024.20. Following the completion of the sale, the insider owned 30,152,940 shares in the company, valued at approximately $125,737,759.80. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 325,784 shares of company stock worth $1,224,557 in the last three months. 42.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AleAnna

Several hedge funds have recently modified their holdings of the stock. Carlson Capital L.P. increased its position in 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 purchasing an additional 6,000 shares during the last quarter. NewGen Equity Long Short Fund acquired a new position in shares of AleAnna in the 2nd quarter valued at $204,000. Goldman Sachs Group Inc. purchased a new stake in shares of AleAnna during the 1st quarter valued at $94,000. Finally, Keel Point LLC purchased a new stake in shares of AleAnna during the 2nd quarter valued at $79,000. 38.10% of the stock is owned by institutional investors and hedge funds.

AleAnna Stock Down 18.5%

ANNA opened at $2.91 on Wednesday. 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 stock has a market capitalization of $193.95 million, a price-to-earnings ratio of 72.75 and a beta of -0.02. The business has a 50-day moving average of $2.78 and a two-hundred day moving average of $3.33. AleAnna has a 12 month low of $2.31 and a 12 month high of $18.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average 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.