Short Interest in AlphaTime Acquisition Corp (NASDAQ:ATMC) Drops By 50.0%

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 100 shares, a decrease of 50.0% from the December 31st total of 200 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 0.0 days.

AlphaTime Acquisition Price Performance

Shares of NASDAQ ATMC traded up $0.12 during mid-day trading on Thursday, hitting $11.54. 505 shares of the company were exchanged, compared to its average volume of 1,463. The stock has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $11.25. AlphaTime Acquisition has a 1-year low of $10.77 and a 1-year high of $11.86.

Institutional Trading of AlphaTime Acquisition

A hedge fund recently raised its stake in AlphaTime Acquisition stock. Mizuho Securities USA LLC raised its holdings in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 505,896 shares of the company’s stock after purchasing an additional 198,896 shares during the quarter. Mizuho Securities USA LLC owned 7.36% of AlphaTime Acquisition worth $5,656,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 82.24% of the company’s stock.

AlphaTime Acquisition Company Profile

AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.