Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 424 shares, an increase of 552.3% from the May 14th total of 65 shares. Based on an average trading volume of 7,300 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of Archimedes Tech SPAC Partners II
A hedge fund recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. grew its holdings in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU – Free Report) by 97.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,658 shares of the company’s stock after purchasing an additional 36,892 shares during the period. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 as of its most recent SEC filing.
Archimedes Tech SPAC Partners II Trading Up 6.7%
Archimedes Tech SPAC Partners II stock traded up $0.80 during midday trading on Thursday, hitting $12.75. The company’s stock had a trading volume of 3,944 shares, compared to its average volume of 6,657. The business’s 50-day simple moving average is $11.68. Archimedes Tech SPAC Partners II has a 12 month low of $10.16 and a 12 month high of $50.99.
About Archimedes Tech SPAC Partners II
Archimedes Tech SPAC Partners II (NASDAQ: ATIIU) is a special purpose acquisition company (SPAC) that trades publicly on the Nasdaq. As a blank‑check vehicle, its principal purpose is to raise capital through a public offering and to use the proceeds to complete a business combination, such as a merger, share exchange, asset acquisition or other similar transaction that brings a private operating company public.
Consistent with its name, the SPAC is oriented toward identifying opportunities in technology and technology‑enabled sectors, offering an alternative route to the public markets for private companies in those areas.
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