Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,493 shares, a decrease of 63.1% from the September 30th total of 17,604 shares. Based on an average daily volume of 299,165 shares, the short-interest ratio is currently 0.0 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
View Our Latest Stock Analysis on Archimedes Tech SPAC Partners II
Archimedes Tech SPAC Partners II Price Performance
Archimedes Tech SPAC Partners II stock remained flat at $9.81 during mid-day trading on Thursday. Archimedes Tech SPAC Partners II has a one year low of $6.63 and a one year high of $11.40. The firm’s fifty day moving average is $10.39 and its 200 day moving average is $10.62.
Archimedes Tech SPAC Partners II (NASDAQ:ATII – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($4.62) EPS for the quarter.
Institutional Investors Weigh In On Archimedes Tech SPAC Partners II
Several hedge funds have recently added to or reduced their stakes in the company. Readystate Asset Management LP raised its holdings in shares of Archimedes Tech SPAC Partners II by 0.8% during the 1st quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock valued at $1,554,000 after buying an additional 1,200 shares in the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Archimedes Tech SPAC Partners II in the 2nd quarter valued at $1,967,000. Harraden Circle Investments LLC purchased a new stake in shares of Archimedes Tech SPAC Partners II in the 2nd quarter valued at $2,530,000. Citadel Advisors LLC raised its position in Archimedes Tech SPAC Partners II by 2,311.7% in the 2nd quarter. Citadel Advisors LLC now owns 250,266 shares of the company’s stock worth $2,698,000 after purchasing an additional 239,889 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Archimedes Tech SPAC Partners II during the 2nd quarter valued at $3,527,000.
About Archimedes Tech SPAC Partners II
Archimedes Tech SPAC Partners II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. Rather than selling products or services itself, the company raises capital through a public offering and holds those funds while it searches for a suitable acquisition target.
The company has indicated that it may pursue a merger, share exchange, asset acquisition, or similar transaction with a business in the technology or technology-enabled sectors.
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