Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) Stock Short Interest Drops 63.1%

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 6,493 shares, a decrease of 63.1% from the September 30th total of 17,604 shares. Based on an average trading volume of 299,165 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners II Price Performance

Shares of ATII stock remained flat at $9.81 during trading hours on Friday. The business’s 50-day moving average is $10.36 and its 200-day moving average is $10.61. Archimedes Tech SPAC Partners II has a 12 month low of $6.63 and a 12 month high of $11.40.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last posted its earnings results on Thursday, August 13th. The company reported ($4.62) earnings per share for the quarter.

Institutional Investors Weigh In On Archimedes Tech SPAC Partners II

Institutional investors and hedge funds have recently made changes to their positions in the business. Readystate Asset Management LP increased its stake in Archimedes Tech SPAC Partners II by 0.8% in the 1st quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock worth $1,554,000 after acquiring an additional 1,200 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Archimedes Tech SPAC Partners II in the 2nd quarter valued at about $1,967,000. Harraden Circle Investments LLC bought a new stake in shares of Archimedes Tech SPAC Partners II during the 2nd quarter valued at about $2,530,000. Citadel Advisors LLC boosted its position in shares of Archimedes Tech SPAC Partners II by 2,311.7% during the 2nd quarter. Citadel Advisors LLC now owns 250,266 shares of the company’s stock valued at $2,698,000 after acquiring an additional 239,889 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Archimedes Tech SPAC Partners II during the second quarter worth about $3,527,000.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. Rather than selling products or services itself, the company raises capital through a public offering and holds those funds while it searches for a suitable acquisition target.

The company has indicated that it may pursue a merger, share exchange, asset acquisition, or similar transaction with a business in the technology or technology-enabled sectors.