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

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 24,843 shares, a decrease of 47.6% from the August 31st total of 47,452 shares. Based on an average daily volume of 149,379 shares, the short-interest ratio is currently 0.2 days.

Archimedes Tech SPAC Partners II Stock Performance

Shares of ATII traded down $0.01 on Wednesday, reaching $10.68. 724,300 shares of the stock traded hands, compared to its average volume of 210,109. The stock’s 50-day moving average price is $10.67 and its 200-day moving average price is $10.73. Archimedes Tech SPAC Partners II has a 12 month low of $10.24 and a 12 month high of $11.40.

Hedge Funds Weigh In On Archimedes Tech SPAC Partners II

A number of hedge funds have recently made changes to their positions in the business. Readystate Asset Management LP boosted its position in shares of Archimedes Tech SPAC Partners II by 0.8% during the 1st quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock valued at $1,554,000 after acquiring an additional 1,200 shares in the last quarter. Governors Lane LP boosted its holdings in Archimedes Tech SPAC Partners II by 1.1% during the fourth quarter. Governors Lane LP now owns 758,617 shares of the company’s stock valued at $7,859,000 after purchasing an additional 8,617 shares in the last quarter. Radcliffe Capital Management L.P. grew its stake in shares of Archimedes Tech SPAC Partners II by 7.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock valued at $6,820,000 after purchasing an additional 46,800 shares during the period. SkyView Investment Advisors LLC acquired a new position in shares of Archimedes Tech SPAC Partners II in the 2nd quarter worth approximately $1,967,000. Finally, L1 Global Manager Pty Ltd bought a new position in shares of Archimedes Tech SPAC Partners II during the 4th quarter worth approximately $2,072,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Company Profile

Archimedes Tech SPAC Partners II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. The company does not operate a traditional business and does not manufacture products or provide services to customers.

Its primary purpose is to raise capital through a public offering and use the proceeds, together with other financing sources, to pursue a merger, acquisition, share exchange, or similar transaction.