Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Short Interest Down 61.4% in August

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 142 shares, a drop of 61.4% from the August 15th total of 368 shares. Based on an average daily volume of 823 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. raised its position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 SEC filing.

Archimedes Tech SPAC Partners II Trading Down 1.1%

ATIIU traded down $0.12 during trading on Tuesday, reaching $11.39. 105 shares of the company’s stock were exchanged, compared to its average volume of 4,331. The firm has a fifty day moving average price of $11.43 and a two-hundred day moving average price of $11.47. Archimedes Tech SPAC Partners II has a one year low of $10.50 and a one year 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.