Short Interest in Thunder Bridge Acquisition II (NASDAQ:SSPK) Expands By 58.8%

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Thunder Bridge Acquisition II (NASDAQ:SSPK) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 5,400 shares, an increase of 58.8% from the June 30th total of 3,400 shares. Based on an average daily volume of 115,500 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

In other news, major shareholder Polar Asset Management Partner bought 50,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $9.88 per share, with a total value of $494,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of institutional investors and hedge funds have recently modified their holdings of SSPK. Polar Asset Management Partners Inc. increased its holdings in Thunder Bridge Acquisition II by 414.7% in the 1st quarter. Polar Asset Management Partners Inc. now owns 2,573,500 shares of the company’s stock worth $25,298,000 after purchasing an additional 2,073,500 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Thunder Bridge Acquisition II in the first quarter valued at about $9,840,000. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Thunder Bridge Acquisition II in the first quarter valued at about $7,799,000. Mizuho Securities USA LLC increased its stake in shares of Thunder Bridge Acquisition II by 55.4% in the second quarter. Mizuho Securities USA LLC now owns 1,500,000 shares of the company’s stock valued at $14,925,000 after buying an additional 534,565 shares during the period. Finally, Omni Partners LLP acquired a new stake in shares of Thunder Bridge Acquisition II in the first quarter valued at about $4,915,000. 56.90% of the stock is owned by institutional investors and hedge funds.

Shares of SSPK opened at $10.10 on Friday. Thunder Bridge Acquisition II has a 12-month low of $9.51 and a 12-month high of $10.57. The stock has a 50-day moving average price of $10.10.

About Thunder Bridge Acquisition II

Silver Spike Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses operating in the cannabis industry. Silver Spike Acquisition Corp.

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