A SPAC II Acquisition Co. (NASDAQ:ASCB) Sees Large Growth in Short Interest

A SPAC II Acquisition Co. (NASDAQ:ASCBGet Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, an increase of 9.1% from the February 29th total of 1,100 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On A SPAC II Acquisition

Several institutional investors have recently bought and sold shares of ASCB. Aristeia Capital LLC boosted its holdings in A SPAC II Acquisition by 273.7% in the 4th quarter. Aristeia Capital LLC now owns 887,500 shares of the company’s stock worth $9,079,000 after buying an additional 650,000 shares during the period. Castle Creek Arbitrage LLC bought a new stake in shares of A SPAC II Acquisition during the 2nd quarter valued at $3,832,000. Shaolin Capital Management LLC lifted its holdings in A SPAC II Acquisition by 23.8% during the 1st quarter. Shaolin Capital Management LLC now owns 1,178,848 shares of the company’s stock worth $12,248,000 after purchasing an additional 226,671 shares in the last quarter. Walleye Capital LLC bought a new position in A SPAC II Acquisition in the 3rd quarter worth about $1,943,000. Finally, First Trust Capital Management L.P. purchased a new position in A SPAC II Acquisition during the 4th quarter valued at about $1,062,000. Hedge funds and other institutional investors own 95.62% of the company’s stock.

A SPAC II Acquisition Trading Up 0.4 %

Shares of A SPAC II Acquisition stock traded up $0.04 during trading hours on Wednesday, hitting $11.18. 526 shares of the company’s stock traded hands, compared to its average volume of 9,285. A SPAC II Acquisition has a 12-month low of $10.39 and a 12-month high of $12.02. The company has a fifty day simple moving average of $11.11 and a 200-day simple moving average of $10.99.

A SPAC II Acquisition Company Profile

(Get Free Report)

A SPAC II Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue prospective targets that are in the industries that apply technologies, such as Proptech and Fintech in North America, Europe, and Asia.

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