Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII – Get Free Report) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 33,386 shares, a decline of 39.3% from the May 14th total of 54,969 shares. Based on an average trading volume of 402,514 shares, the days-to-cover ratio is currently 0.1 days.
Analyst Ratings Changes
Separately, Weiss Ratings raised Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
View Our Latest Stock Report on ATII
Archimedes Tech SPAC Partners II Price Performance
Archimedes Tech SPAC Partners II (NASDAQ:ATII – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On Archimedes Tech SPAC Partners II
Several institutional investors have recently made changes to their positions in ATII. StoneX Group Inc. acquired a new stake in shares of Archimedes Tech SPAC Partners II during the 4th quarter valued at about $524,000. L1 Global Manager Pty Ltd acquired a new stake in Archimedes Tech SPAC Partners II in the 4th quarter worth approximately $2,072,000. Westchester Capital Management LLC lifted its holdings in Archimedes Tech SPAC Partners II by 0.8% in the 4th quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock worth $9,398,000 after purchasing an additional 7,144 shares during the last quarter. Radcliffe Capital Management L.P. lifted its holdings in Archimedes Tech SPAC Partners II by 7.7% in the 4th 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 during the last quarter. Finally, Meteora Capital LLC lifted its holdings in Archimedes Tech SPAC Partners II by 10.5% in the 4th quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock worth $7,443,000 after purchasing an additional 68,533 shares during the last quarter.
About Archimedes Tech SPAC Partners II
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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