Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Shares Shorted: Short Interest Up 398.9% in October

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 4,530 shares, a growth of 398.9% from the September 30th total of 908 shares. Based on an average daily volume of 6,579 shares, the days-to-cover ratio is presently 0.7 days.

Archimedes Tech SPAC Partners II Price Performance

Shares of NASDAQ ATIIU remained flat at $8.20 during mid-day trading on Tuesday. The stock’s 50-day moving average is $11.10 and its 200 day moving average is $11.32. Archimedes Tech SPAC Partners II has a 12-month low of $8.20 and a 12-month high of $50.99.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. The company does not have its own commercial products or operating services; its activities are focused on evaluating potential merger, acquisition, or similar transactions.

The company has indicated that it is seeking opportunities in the technology, media, and telecommunications sectors. A completed transaction could involve a merger, stock purchase, asset acquisition, reorganization, or another combination that results in a target company becoming publicly traded.

Archimedes Tech SPAC Partners II is headquartered in the United States and was established as a blank-check company.