Short Interest in Sandbridge X2 Corp. (NYSE:SBII) Decreases By 83.4%

Sandbridge X2 Corp. (NYSE:SBII) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,000 shares, a decline of 83.4% from the August 15th total of 96,300 shares. Based on an average daily trading volume, of 51,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

An institutional investor recently bought a new position in Sandbridge X2 stock. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sandbridge X2 Corp. (NYSE:SBII) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,733 shares of the company’s stock, valued at approximately $462,000. Schonfeld Strategic Advisors LLC owned approximately 0.16% of Sandbridge X2 at the end of the most recent reporting period. 38.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of SBII stock opened at $9.74 on Wednesday. Sandbridge X2 has a 1 year low of $9.60 and a 1 year high of $10.04. The company has a 50 day moving average of $9.71.

Sandbridge X2 Company Profile

Sandbridge X2 Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2021 and is based in New York, New York.

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