AleAnna Inc. (NASDAQ:ANNA) Short Interest Down 37.7% in June

AleAnna Inc. (NASDAQ:ANNA) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 279,727 shares, a decrease of 37.7% from the May 31st total of 449,245 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 432,572 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

ANNA has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of AleAnna from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Wall Street Zen upgraded AleAnna to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

AleAnna Trading Down 3.2%

ANNA traded down $0.09 on Thursday, hitting $2.75. 36,394 shares of the company’s stock traded hands, compared to its average volume of 2,347,277. The company’s 50 day simple moving average is $3.31 and its 200-day simple moving average is $3.59. The firm has a market cap of $183.15 million, a price-to-earnings ratio of 19.82 and a beta of -1.63. AleAnna has a one year low of $2.31 and a one year high of $10.64.

AleAnna (NASDAQ:ANNA) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter. AleAnna had a return on equity of 10.22% and a net margin of 17.43%.The company had revenue of $9.34 million for the quarter.

Hedge Funds Weigh In On AleAnna

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new position in shares of AleAnna during the first quarter worth $94,000. Keel Point LLC bought a new stake in AleAnna in the 2nd quarter valued at $79,000. Carlson Capital L.P. lifted its stake in AleAnna by 7.0% in the 4th 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 in the last quarter. Wesbanco Bank Inc. purchased a new position in AleAnna during the 1st quarter valued at approximately $166,000. Finally, Royal Bank of Canada bought a new position in shares of AleAnna during the 1st quarter valued at approximately $242,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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.