Altimar Acquisition Corp. III (NYSE:ATAQ) Sees Significant Drop in Short Interest

Altimar Acquisition Corp. III (NYSE:ATAQ) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 500 shares, a decrease of 99.3% from the August 15th total of 68,800 shares. Based on an average trading volume of 20,100 shares, the days-to-cover ratio is presently 0.0 days.

Altimar Acquisition Corp. III stock traded up $0.11 during trading hours on Wednesday, hitting $9.84. The stock had a trading volume of 98,063 shares, compared to its average volume of 24,677. Altimar Acquisition Corp. III has a 1-year low of $9.65 and a 1-year high of $9.98. The firm has a fifty day simple moving average of $9.73.

An institutional investor recently raised its position in Altimar Acquisition Corp. III stock. Whitebox Advisors LLC raised its position in Altimar Acquisition Corp. III (NYSE:ATAQ) by 100.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 50,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Whitebox Advisors LLC owned about 0.26% of Altimar Acquisition Corp. III worth $488,000 at the end of the most recent reporting period. 41.17% of the stock is owned by institutional investors.

Altimar Acquisition Corp. III Company Profile

Altimar Acquisition Corp. III is a blank check company that focuses on effecting a merger, share exchange, asset acquisition, share purchase, and reorganization. The company was incorporated in 2021 and is based in New York, New York.

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