Twelve Seas Investment Company II (NASDAQ:TWLV) Sees Significant Decline in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLV) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 887 shares, a decrease of 72.3% from the May 14th total of 3,202 shares. Based on an average daily trading volume, of 16,341 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Twelve Seas Investment Company II from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Twelve Seas Investment Company II Stock Down 0.1%

TWLV stock traded down $0.01 during trading on Friday, reaching $9.97. 3,469 shares of the company were exchanged, compared to its average volume of 15,558. Twelve Seas Investment Company II has a 52-week low of $9.84 and a 52-week high of $10.38. The stock’s 50 day moving average price is $9.95 and its 200 day moving average price is $10.08.

Twelve Seas Investment Company II (NASDAQ:TWLV) last released its quarterly earnings data on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Twelve Seas Investment Company II Company Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.