Alussa Energy Acquisition Corp. II (NYSE:ALUB) Sees Large Decrease in Short Interest

Alussa Energy Acquisition Corp. II (NYSE:ALUB) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 51 shares, a decline of 92.5% from the April 30th total of 681 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 34,271 shares, the short-interest ratio is currently 0.0 days.

Alussa Energy Acquisition Corp. II Price Performance

Shares of ALUB traded up $0.02 during midday trading on Friday, hitting $10.04. The company had a trading volume of 50,422 shares, compared to its average volume of 20,620. Alussa Energy Acquisition Corp. II has a 52 week low of $9.90 and a 52 week high of $10.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of Alussa Energy Acquisition Corp. II in a research report on Wednesday, April 29th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alussa Energy Acquisition Corp. II presently has an average rating of “Sell”.

Alussa Energy Acquisition Corp. II Company Profile

Alussa Energy Acquisition Corp II is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.