Short Interest in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) Increases By 344.1%

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII – Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 8,687 shares, an increase of 344.1% from the April 15th total of 1,956 shares. Based on an average daily trading volume, of 502,613 shares, the days-to-cover ratio is presently 0.0 days.

Archimedes Tech SPAC Partners II Price Performance

Archimedes Tech SPAC Partners II stock traded down $0.03 during mid-day trading on Friday, reaching $10.88. The company had a trading volume of 19,142 shares, compared to its average volume of 138,155. Archimedes Tech SPAC Partners II has a fifty-two week low of $10.06 and a fifty-two week high of $10.95. The company has a fifty day moving average of $10.53.

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Archimedes Tech SPAC Partners II (NASDAQ:ATII – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.

Institutional Investors Weigh In On Archimedes Tech SPAC Partners II

A number of large investors have recently added to or reduced their stakes in ATII. StoneX Group Inc. bought a new stake in shares of Archimedes Tech SPAC Partners II in the fourth quarter worth approximately $524,000. L1 Global Manager Pty Ltd bought a new stake in Archimedes Tech SPAC Partners II during the fourth quarter valued at approximately $2,072,000. Millennium Management LLC grew its position in Archimedes Tech SPAC Partners II by 1.3% during the fourth quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock valued at $3,191,000 after buying an additional 4,020 shares during the period. Rivernorth Capital Management LLC boosted its position in shares of Archimedes Tech SPAC Partners II by 25.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock worth $4,639,000 after purchasing an additional 90,000 shares during the period. Finally, Radcliffe Capital Management L.P. increased its stake in shares of Archimedes Tech SPAC Partners II by 7.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock worth $6,820,000 after purchasing an additional 46,800 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Archimedes Tech SPAC Partners II currently has a consensus rating of “Sell”.

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About Archimedes Tech SPAC Partners II

(Get Free Report)

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.

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