Alussa Energy Acquisition Corp. II (NYSE:ALUB) Stock Short Interest Drops 67.9%

Alussa Energy Acquisition Corp. II (NYSE:ALUB) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,681 shares, a decline of 67.9% from the September 15th total of 5,242 shares. Based on an average trading volume of 83,692 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Alussa Energy Acquisition Corp. II Stock Performance

Alussa Energy Acquisition Corp. II stock traded down $0.04 during mid-day trading on Monday, hitting $10.13. The company’s stock had a trading volume of 4,928 shares, compared to its average volume of 77,198. Alussa Energy Acquisition Corp. II has a twelve month low of $9.90 and a twelve month high of $10.18. The firm’s fifty day simple moving average is $10.12.

Institutional Trading of Alussa Energy Acquisition Corp. II

A hedge fund recently bought a new position in Alussa Energy Acquisition Corp. II stock. HBK Investments L P acquired a new position in Alussa Energy Acquisition Corp. II (NYSE:ALUB) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 666,668 shares of the company’s stock, valued at approximately $6,693,000. HBK Investments L P owned approximately 1.85% of Alussa Energy Acquisition Corp. II at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alussa Energy Acquisition Corp. II in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Alussa Energy Acquisition Corp. II presently has a consensus rating of “Sell”.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Unlike a traditional operating business, the company did not develop, manufacture or sell products and services of its own.

The company’s activities centered on raising funds through a public offering and evaluating potential targets for a merger, share exchange, asset acquisition, reorganization or similar transaction.