Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 626 shares, a growth of 340.8% from the August 31st total of 142 shares. Based on an average daily trading volume, of 81 shares, the days-to-cover ratio is currently 7.7 days.
Institutional Trading of Archimedes Tech SPAC Partners II
A hedge fund recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. boosted its holdings in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU – Free Report) by 97.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,658 shares of the company’s stock after buying an additional 36,892 shares during the period. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.
Archimedes Tech SPAC Partners II Stock Up 1.0%
Shares of NASDAQ ATIIU opened at $11.41 on Friday. Archimedes Tech SPAC Partners II has a one year low of $10.50 and a one year high of $50.99. The business’s fifty day moving average price is $11.38 and its 200-day moving average price is $11.50.
Archimedes Tech SPAC Partners II Company Profile
Archimedes Tech SPAC Partners II (NASDAQ: ATIIU) is a special purpose acquisition company (SPAC) that trades publicly on the Nasdaq. As a blank‑check vehicle, its principal purpose is to raise capital through a public offering and to use the proceeds to complete a business combination, such as a merger, share exchange, asset acquisition or other similar transaction that brings a private operating company public.
Consistent with its name, the SPAC is oriented toward identifying opportunities in technology and technology‑enabled sectors, offering an alternative route to the public markets for private companies in those areas.
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