AlphaTime Acquisition Corp (NASDAQ:ATMC) Sees Large Decline in Short Interest

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target 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 daily volume of 13,500 shares, the short-interest ratio is presently 0.0 days.

AlphaTime Acquisition Trading Up 0.6 %

NASDAQ ATMC traded up $0.07 on Friday, hitting $11.49. The company’s stock had a trading volume of 505 shares, compared to its average volume of 1,251. The company’s 50-day simple moving average is $11.36 and its 200 day simple moving average is $11.25. AlphaTime Acquisition has a 52-week low of $10.77 and a 52-week high of $11.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AlphaTime Acquisition stock. Mizuho Securities USA LLC increased its stake in AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,896 shares of the company’s stock after buying an additional 198,896 shares during the period. Mizuho Securities USA LLC owned 7.36% of AlphaTime Acquisition worth $5,656,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 82.24% of the company’s stock.

About AlphaTime Acquisition

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.