Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) Short Interest Update

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 8,687 shares, an increase of 344.1% from the April 15th total of 1,956 shares. Based on an average trading volume of 502,613 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Archimedes Tech SPAC Partners II

Several institutional investors have recently modified their holdings of ATII. StoneX Group Inc. acquired a new stake in shares of Archimedes Tech SPAC Partners II in the fourth quarter valued at $524,000. L1 Global Manager Pty Ltd acquired a new position in Archimedes Tech SPAC Partners II in the 4th quarter worth about $2,072,000. Westchester Capital Management LLC boosted its stake in shares of Archimedes Tech SPAC Partners II by 0.8% during the 4th quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock worth $9,398,000 after acquiring an additional 7,144 shares in the last quarter. Radcliffe Capital Management L.P. boosted its stake in shares of Archimedes Tech SPAC Partners II by 7.7% during the 4th quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock worth $6,820,000 after acquiring an additional 46,800 shares in the last quarter. Finally, Meteora Capital LLC boosted its stake in shares of Archimedes Tech SPAC Partners II by 10.5% during the 4th quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock worth $7,443,000 after acquiring an additional 68,533 shares in the last quarter.

Archimedes Tech SPAC Partners II Trading Down 0.8%

Shares of ATII opened at $10.76 on Wednesday. Archimedes Tech SPAC Partners II has a 52-week low of $10.05 and a 52-week high of $10.90. The firm has a 50 day simple moving average of $10.51.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.07 earnings per share for the quarter.

Archimedes Tech SPAC Partners II Company Profile

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank?check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.