Altimeter Growth Corp. 2 (NYSE:AGCB) Sees Significant Increase in Short Interest

Altimeter Growth Corp. 2 (NYSE:AGCBGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 68,300 shares, a growth of 139.6% from the March 31st total of 28,500 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 220,200 shares, the short-interest ratio is currently 0.3 days.

NYSE:AGCB traded down $0.01 during trading hours on Friday, hitting $9.82. 46,426 shares of the company’s stock traded hands, compared to its average volume of 196,057. Altimeter Growth Corp. 2 has a 52 week low of $9.70 and a 52 week high of $10.95. The business’s fifty day simple moving average is $9.81 and its two-hundred day simple moving average is $9.88.

A number of large investors have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. raised its position in Altimeter Growth Corp. 2 by 814.3% during the fourth quarter. PenderFund Capital Management Ltd. now owns 6,400 shares of the company’s stock valued at $80,000 after purchasing an additional 5,700 shares in the last quarter. Walleye Trading LLC purchased a new stake in Altimeter Growth Corp. 2 during the fourth quarter valued at about $100,000. Sandia Investment Management LP purchased a new stake in Altimeter Growth Corp. 2 during the fourth quarter valued at about $112,000. CSS LLC IL purchased a new stake in Altimeter Growth Corp. 2 during the fourth quarter valued at about $121,000. Finally, LGL Partners LLC raised its position in Altimeter Growth Corp. 2 by 37.0% during the fourth quarter. LGL Partners LLC now owns 16,000 shares of the company’s stock valued at $158,000 after purchasing an additional 4,325 shares in the last quarter. 81.41% of the stock is owned by institutional investors.

Altimeter Growth Corp. 2 Company Profile (Get Rating)

Altimeter Growth Corp. 2 does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Altimeter Growth Corp. 2 was incorporated in 2020 and is based in Menlo Park, California.

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