Short Interest in Artius II Acquisition Inc. (NASDAQ:AACB) Grows By 17.8%

Artius II Acquisition Inc. (NASDAQ:AACB) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,705 shares, a growth of 17.8% from the February 26th total of 3,146 shares. Based on an average daily trading volume, of 13,441 shares, the days-to-cover ratio is currently 0.3 days.

Artius II Acquisition Price Performance

NASDAQ:AACB opened at $10.34 on Thursday. Artius II Acquisition has a 52-week low of $9.85 and a 52-week high of $10.39. The stock’s 50-day simple moving average is $10.35 and its 200 day simple moving average is $10.29.

Artius II Acquisition (NASDAQ:AACB) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.04 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Artius II Acquisition in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Artius II Acquisition

Several hedge funds have recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new stake in shares of Artius II Acquisition during the fourth quarter worth $206,000. Clear Street LLC bought a new position in shares of Artius II Acquisition in the second quarter worth about $334,000. Clear Street Group Inc. bought a new position in Artius II Acquisition in the 3rd quarter valued at approximately $387,000. Verition Fund Management LLC bought a new position in shares of Artius II Acquisition in the 3rd quarter valued at $568,000. Finally, Wolverine Asset Management LLC boosted its stake in shares of Artius II Acquisition by 4.8% during the third quarter. Wolverine Asset Management LLC now owns 66,628 shares of the company’s stock valued at $675,000 after purchasing an additional 3,070 shares in the last quarter.

About Artius II Acquisition

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.