Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII – Get Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 55,932 shares, an increase of 142.9% from the July 30th total of 23,029 shares. Based on an average daily trading volume, of 121,187 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On Archimedes Tech SPAC Partners II
Institutional investors have recently modified their holdings of the business. Harraden Circle Investments LLC purchased a new position in Archimedes Tech SPAC Partners II in the 2nd quarter worth about $2,530,000. FNY Investment Advisers LLC bought a new position in Archimedes Tech SPAC Partners II during the second quarter valued at approximately $3,527,000. Readystate Asset Management LP boosted its holdings in Archimedes Tech SPAC Partners II by 0.8% in the first quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock worth $1,554,000 after purchasing an additional 1,200 shares during the last quarter. Rivernorth Capital Management LLC grew its position in Archimedes Tech SPAC Partners II by 25.2% in the 4th 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, Millennium Management LLC grew its position in Archimedes Tech SPAC Partners II by 1.3% in the 4th quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock worth $3,191,000 after purchasing an additional 4,020 shares during the period.
Archimedes Tech SPAC Partners II Stock Performance
ATII stock remained flat at $10.67 during midday trading on Friday. The company had a trading volume of 316,900 shares, compared to its average volume of 187,000. Archimedes Tech SPAC Partners II has a fifty-two week low of $10.19 and a fifty-two week high of $11.40. The business has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $10.71.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Archimedes Tech SPAC Partners II
Archimedes Tech SPAC Partners II Company Profile
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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