Twelve Seas Investment Company II (NASDAQ:TWLV) Sees Large Growth in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLV) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,485 shares, an increase of 108.3% from the June 30th total of 713 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 7,582 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Twelve Seas Investment Company II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Twelve Seas Investment Company II Trading Up 0.2%

Shares of TWLV opened at $10.01 on Thursday. The company’s fifty day simple moving average is $9.99 and its 200 day simple moving average is $9.95. Twelve Seas Investment Company II has a 1-year low of $9.84 and a 1-year high of $10.38. The company has a market cap of $234.61 million and a price-to-earnings ratio of 166.82.

Twelve Seas Investment Company II (NASDAQ:TWLV) last announced 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.