Spartacus Acquisition Corp. II (NASDAQ:TMTS) Shares Shorted: Short Interest Down 46.0% in September

Spartacus Acquisition Corp. II (NASDAQ:TMTS) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 424 shares, a drop of 46.0% from the September 15th total of 785 shares. Based on an average daily trading volume, of 41,154 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on shares of Spartacus Acquisition Corp. II in a report on Thursday, August 13th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Spartacus Acquisition Corp. II Trading Up 0.1%

TMTS opened at $10.01 on Wednesday. The firm has a fifty day simple moving average of $10.05. Spartacus Acquisition Corp. II has a 1-year low of $9.90 and a 1-year high of $10.45.

About Spartacus Acquisition Corp. II

Spartacus Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Rather than operating a traditional business, the company was established to pursue a merger, acquisition, stock exchange, or similar transaction.

As a blank-check company, Spartacus Acquisition Corp. II did not offer its own products or services and did not have an established operating geography. Its activities primarily involved evaluating potential merger targets, completing a business combination, and seeking shareholder approval for any proposed transaction.

The company’s securities traded on the Nasdaq under the symbol TMTS.