Short Interest in Altimeter Growth Corp. 2 (NYSE:AGCB) Declines By 18.9% - MarketBeat

Altimeter Growth Corp. 2 (NYSE:AGCB - Get Rating) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 73,600 shares, a decline of 18.9% from the August 15th total of 90,800 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 154,200 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Altimeter Growth Corp. 2

Institutional investors have recently made changes to their positions in the stock. Parallax Volatility Advisers L.P. acquired a new position in shares of Altimeter Growth Corp. 2 during the 4th quarter worth $247,000. CSS LLC IL acquired a new position in shares of Altimeter Growth Corp. 2 during the 4th quarter worth $121,000. Darlington Partners Capital Management LP acquired a new position in shares of Altimeter Growth Corp. 2 during the 4th quarter worth $3,448,000. Sandia Investment Management LP acquired a new position in shares of Altimeter Growth Corp. 2 during the 4th quarter worth $112,000. Finally, Kent Lake Capital LLC raised its stake in shares of Altimeter Growth Corp. 2 by 4.1% during the 4th quarter. Kent Lake Capital LLC now owns 469,928 shares of the company's stock worth $4,633,000 after buying an additional 18,499 shares during the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

Altimeter Growth Corp. 2 Stock Performance

Shares of NYSE AGCB opened at $9.91 on Friday. Altimeter Growth Corp. 2 has a one year low of $9.70 and a one year high of $10.54. The company's fifty day moving average is $9.89 and its two-hundred day moving average is $9.84.

About Altimeter Growth Corp. 2

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