Altitude Acquisition Corp. (NASDAQ:ALTUW – Get Rating) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 12,100 shares, a drop of 24.8% from the November 30th total of 16,100 shares. Based on an average trading volume of 35,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Altitude Acquisition

A hedge fund recently bought a new stake in Altitude Acquisition stock. Clear Street LLC acquired a new stake in Altitude Acquisition Corp. (NASDAQ:ALTUW – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 252,821 shares of the company's stock, valued at approximately $32,000.

Altitude Acquisition Stock Performance

ALTUW stock opened at $0.06 on Friday. The stock has a fifty day simple moving average of $0.06. Altitude Acquisition has a 1-year low of $0.02 and a 1-year high of $0.64.

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