Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Short Interest Up 552.3% in May

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 424 shares, an increase of 552.3% from the May 14th total of 65 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is currently 0.1 days.

Archimedes Tech SPAC Partners II Trading Down 0.8%

NASDAQ ATIIU opened at $12.00 on Wednesday. The business has a 50-day moving average of $11.66. Archimedes Tech SPAC Partners II has a 12 month low of $10.16 and a 12 month high of $50.99.

Institutional Investors Weigh In On Archimedes Tech SPAC Partners II

A hedge fund recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. raised its position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,658 shares of the company’s stock after purchasing an additional 36,892 shares during the period. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 as of its most recent filing with the Securities & Exchange Commission.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATIIU) is a special purpose acquisition company (SPAC) that trades publicly on the Nasdaq. As a blank?check vehicle, its principal purpose is to raise capital through a public offering and to use the proceeds to complete a business combination, such as a merger, share exchange, asset acquisition or other similar transaction that brings a private operating company public.

Consistent with its name, the SPAC is oriented toward identifying opportunities in technology and technology?enabled sectors, offering an alternative route to the public markets for private companies in those areas.