Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Sees Significant Increase in Short Interest

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 65 shares, a growth of ? from the April 30th total of 0 shares. Based on an average trading volume of 137 shares, the short-interest ratio is presently 0.5 days.

Archimedes Tech SPAC Partners II Stock Down 1.0%

ATIIU stock traded down $0.12 during trading hours on Monday, hitting $12.19. The company’s stock had a trading volume of 2,803 shares, compared to its average volume of 7,778. Archimedes Tech SPAC Partners II has a 12 month low of $10.16 and a 12 month high of $50.99. The stock has a 50 day moving average of $11.49.

Institutional Trading of Archimedes Tech SPAC Partners II

An institutional investor recently raised its position in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. increased its position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,658 shares of the company’s stock after buying an additional 36,892 shares during the period. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 at the end of the most recent reporting period.

Archimedes Tech SPAC Partners II Company Profile

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.