Short Interest in AleAnna Inc. (NASDAQ:ANNA) Decreases By 28.4%

AleAnna Inc. (NASDAQ:ANNA) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 10,346 shares, a decline of 28.4% from the December 15th total of 14,451 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,319 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 24,319 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANNA. Carlson Capital L.P. purchased a new stake in shares of AleAnna during the third quarter worth about $362,000. Keel Point LLC purchased a new position in shares of AleAnna during the second quarter valued at approximately $79,000. NewGen Equity Long Short Fund purchased a new position in shares of AleAnna during the second quarter valued at approximately $204,000. Finally, Goldman Sachs Group Inc. acquired a new stake in AleAnna during the first quarter worth approximately $94,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

AleAnna Price Performance

Shares of NASDAQ:ANNA opened at $2.57 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.00 and a current ratio of 2.00. The business’s fifty day moving average price is $2.96 and its two-hundred day moving average price is $3.88. The stock has a market cap of $171.29 million and a PE ratio of 64.25. AleAnna has a one year low of $2.31 and a one year high of $18.30.

AleAnna (NASDAQ:ANNA) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $11.22 million during the quarter. AleAnna had a negative return on equity of 14.90% and a negative net margin of 46.01%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of AleAnna in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, AleAnna has a consensus rating of “Sell”.

AleAnna Company Profile

AleAnna, Inc engages in oil and gas exploration and production activities. It focuses on Italy’s natural gas reserves and developing renewable energy solutions. The company was founded in 2007 and is headquartered in Dallas, TX.