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

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 65 shares, an increase of ? from the April 30th total of 0 shares. Based on an average daily trading volume, of 137 shares, the short-interest ratio is presently 0.5 days.

Archimedes Tech SPAC Partners II Trading Down 1.0%

Shares of NASDAQ ATIIU traded down $0.12 during trading hours on Monday, hitting $12.19. 2,803 shares of the stock were exchanged, compared to its average volume of 7,778. The business’s 50 day moving average is $11.49. Archimedes Tech SPAC Partners II has a one year low of $10.16 and a one year high of $50.99.

Institutional Trading of Archimedes Tech SPAC Partners II

A hedge fund recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. raised its stake in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,658 shares of the company’s stock after purchasing an additional 36,892 shares during the period. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 as of its most recent SEC filing.

Archimedes Tech SPAC Partners II Company Profile

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.