Twelve Seas Investment Company II (NASDAQ:TWLVU – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 192 shares, a decrease of 50.6% from the April 30th total of 389 shares. Based on an average trading volume of 45 shares, the days-to-cover ratio is presently 4.3 days.
Hedge Funds Weigh In On Twelve Seas Investment Company II
Institutional investors have recently added to or reduced their stakes in the business. Evercore Wealth Management LLC bought a new position in shares of Twelve Seas Investment Company II during the 4th quarter worth approximately $135,000. StoneX Group Inc. bought a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at $213,000. HRT Financial LP bought a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at $268,000. ABC Arbitrage SA acquired a new position in shares of Twelve Seas Investment Company II during the 4th quarter valued at $398,000. Finally, Toronto Dominion Bank bought a new position in Twelve Seas Investment Company II during the fourth quarter worth $498,000.
Twelve Seas Investment Company II Price Performance
TWLVU stock opened at $10.09 on Monday. The stock has a 50-day moving average price of $10.10 and a 200-day moving average price of $10.23. Twelve Seas Investment Company II has a 1-year low of $9.95 and a 1-year high of $10.41.
About Twelve Seas Investment Company II
Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.
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