Altitude Acquisition Corp. (NASDAQ:ALTU) Short Interest Up 7.5% in February

Altitude Acquisition Corp. (NASDAQ:ALTU – Get Rating) saw a significant increase in short interest during 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 company are short sold. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALTU. Toroso Investments LLC purchased a new position in Altitude Acquisition during the fourth quarter worth about $291,000. Deutsche Bank AG bought a new position in Altitude Acquisition during the 4th quarter worth approximately $1,223,000. Exos TFP Holdings LLC bought a new position in Altitude Acquisition during the 4th quarter worth approximately $88,000. PenderFund Capital Management Ltd. bought a new stake in shares of Altitude Acquisition in the 4th quarter worth approximately $551,000. Finally, Elequin Securities LLC lifted 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 worth $25,000 after purchasing an additional 1,905 shares during the last quarter. Institutional investors and hedge funds own 24.40% of the company’s stock.

Altitude Acquisition Price Performance

NASDAQ:ALTU opened at $10.06 on Thursday. The stock’s 50 day simple moving average is $10.03 and its 200-day simple moving average is $9.98. Altitude Acquisition has a 12-month low of $9.59 and a 12-month high of $10.42.

Altitude Acquisition Company Profile

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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.