Short Interest in Altitude Acquisition Corp. (NASDAQ:ALTU) Grows By 7.5%

Altitude Acquisition Corp. (NASDAQ:ALTU – Get Rating) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 22,800 shares, an increase of 7.5% from the February 13th total of 21,200 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ALTU. Elequin Securities LLC raised its holdings in shares of Altitude Acquisition by 320.7% in the 4th quarter. Elequin Securities LLC now owns 2,499 shares of the company’s stock valued at $25,000 after acquiring an additional 1,905 shares in the last quarter. UBS Group AG purchased a new stake in shares of Altitude Acquisition in the 4th quarter valued at about $36,000. Radcliffe Capital Management L.P. raised its holdings in shares of Altitude Acquisition by 1.3% in the 1st quarter. Radcliffe Capital Management L.P. now owns 447,411 shares of the company’s stock valued at $4,452,000 after acquiring an additional 5,943 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in shares of Altitude Acquisition in the 1st quarter valued at about $99,000. Finally, Exos TFP Holdings LLC purchased a new stake in shares of Altitude Acquisition in the 4th quarter valued at about $88,000. Institutional investors own 24.40% of the company’s stock.

Altitude Acquisition Stock Performance

Shares of NASDAQ ALTU opened at $10.06 on Friday. Altitude Acquisition has a 52 week low of $9.59 and a 52 week high of $10.42. The business has a 50-day simple moving average of $10.04 and a two-hundred day simple moving average of $9.98.

About Altitude Acquisition

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Altitude Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on travel, travel technology and travel-related businesses.