Short Interest in Leo Holdings Corp. II (NYSE:LHC) Drops By 72.1%

Leo Holdings Corp. II (NYSE:LHC) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 3,900 shares, a decrease of 72.1% from the December 15th total of 14,000 shares. Based on an average daily volume of 40,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Several institutional investors have recently bought and sold shares of LHC. Omni Partners US LLC acquired a new position in shares of Leo Holdings Corp. II during the 3rd quarter valued at $1,649,000. Dark Forest Capital Management LP bought a new stake in Leo Holdings Corp. II in the third quarter valued at $434,000. HighTower Advisors LLC raised its holdings in shares of Leo Holdings Corp. II by 50.4% during the third quarter. HighTower Advisors LLC now owns 758,763 shares of the company’s stock valued at $7,392,000 after purchasing an additional 254,241 shares during the period. Weiss Asset Management LP boosted its position in shares of Leo Holdings Corp. II by 7.4% during the 3rd quarter. Weiss Asset Management LP now owns 724,253 shares of the company’s stock worth $7,054,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its stake in shares of Leo Holdings Corp. II by 41.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 535,287 shares of the company’s stock valued at $5,200,000 after buying an additional 156,500 shares during the period. Hedge funds and other institutional investors own 59.94% of the company’s stock.

NYSE LHC remained flat at $$9.74 during trading hours on Friday. The company had a trading volume of 150,643 shares, compared to its average volume of 71,182. The firm has a fifty day moving average of $9.77 and a 200-day moving average of $9.73. Leo Holdings Corp. II has a fifty-two week low of $9.50 and a fifty-two week high of $10.54.

Leo Holdings Corp. II Company Profile

Leo Holdings Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Nassau, the Bahamas.

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