Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Short Interest Update

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 29th, there was short interest totaling 424 shares, an increase of 552.3% from the May 14th total of 65 shares. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is presently 0.1 days.

Archimedes Tech SPAC Partners II Stock Performance

NASDAQ:ATIIU remained flat at $11.90 during mid-day trading on Friday. 171 shares of the company traded hands, compared to its average volume of 6,373. The company’s fifty day moving average price is $11.70. Archimedes Tech SPAC Partners II has a twelve month low of $10.16 and a twelve month high of $50.99.

Hedge Funds Weigh In On Archimedes Tech SPAC Partners II

An institutional investor recently raised its position in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. lifted its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,658 shares of the company’s stock after acquiring an additional 36,892 shares during the quarter. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.