AlphaTime Acquisition Corp (NASDAQ:ATMC) Sees Significant Increase in Short Interest

AlphaTime Acquisition Corp (NASDAQ:ATMC) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 800 shares, a growth of 700.0% from the January 15th total of 100 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

AlphaTime Acquisition Price Performance

Shares of NASDAQ:ATMC traded up $0.04 on Friday, hitting $11.51. The company had a trading volume of 301 shares, compared to its average volume of 1,207. The stock has a 50 day moving average price of $11.39 and a 200 day moving average price of $11.28. AlphaTime Acquisition has a 1-year low of $10.83 and a 1-year high of $11.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AlphaTime Acquisition stock. Mizuho Securities USA LLC lifted its stake in shares of AlphaTime Acquisition Corp (NASDAQ:ATMC) by 64.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC filing. 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.