Archimedes Tech SPAC Partners III Co. (NASDAQ:ARCI) Short Interest Down 64.8% in August

Archimedes Tech SPAC Partners III Co. (NASDAQ:ARCI) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 992 shares, a decrease of 64.8% from the July 30th total of 2,815 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 38,839 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of Archimedes Tech SPAC Partners III in a report on Tuesday, August 18th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Archimedes Tech SPAC Partners III currently has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners III Stock Up 0.1%

Shares of NASDAQ ARCI traded up $0.01 during trading hours on Friday, hitting $10.15. 127 shares of the company traded hands, compared to its average volume of 45,636. The firm’s 50 day moving average is $10.09. Archimedes Tech SPAC Partners III has a 12 month low of $9.83 and a 12 month high of $10.20. The company has a market capitalization of $17.21 million, a PE ratio of -5.08 and a beta of 1.13.

About Archimedes Tech SPAC Partners III

Archimedes Tech SPAC Partners III Co is a blank check company.