Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Sees Large Increase in Short Interest

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 626 shares, an increase of 340.8% from the August 31st total of 142 shares. Based on an average trading volume of 81 shares, the short-interest ratio is currently 7.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. increased its holdings in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,658 shares of the company’s stock after buying an additional 36,892 shares during the period. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 at the end of the most recent quarter.

Archimedes Tech SPAC Partners II Stock Performance

Archimedes Tech SPAC Partners II stock traded up $0.19 during midday trading on Friday, reaching $11.49. 105 shares of the stock traded hands, compared to its average volume of 4,074. The company has a 50-day simple moving average of $11.38 and a two-hundred day simple moving average of $11.50. Archimedes Tech SPAC Partners II has a 12-month low of $10.50 and a 12-month high of $50.99.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATIIU) is a special purpose acquisition company (SPAC) that trades publicly on the Nasdaq. As a blank?check vehicle, its principal purpose is to raise capital through a public offering and to use the proceeds to complete a business combination, such as a merger, share exchange, asset acquisition or other similar transaction that brings a private operating company public.

Consistent with its name, the SPAC is oriented toward identifying opportunities in technology and technology?enabled sectors, offering an alternative route to the public markets for private companies in those areas.