Short Interest in Twelve Seas Investment Company II (NASDAQ:TWLV) Decreases By 56.2%

Twelve Seas Investment Company II (NASDAQ:TWLV) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,202 shares, a decrease of 56.2% from the April 30th total of 7,316 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,871 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Twelve Seas Investment Company II has a consensus rating of “Sell”.

Twelve Seas Investment Company II Stock Performance

TWLV stock traded up $0.01 on Friday, hitting $9.98. 6,508 shares of the company were exchanged, compared to its average volume of 9,922. Twelve Seas Investment Company II has a twelve month low of $9.84 and a twelve month high of $10.38. The business’s fifty day moving average is $9.93 and its two-hundred day moving average is $10.12.

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

About Twelve Seas Investment Company II

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.