Spartacus Acquisition Corp. II (NASDAQ:TMTS) Shares Shorted: Short Interest Up 112.5% in October

Spartacus Acquisition Corp. II (NASDAQ:TMTS) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 901 shares, a growth of 112.5% from the September 30th total of 424 shares. Based on an average daily volume of 124,385 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Spartacus Acquisition Corp. II in a report on Thursday, August 13th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Spartacus Acquisition Corp. II Price Performance

Shares of NASDAQ:TMTS opened at $10.02 on Friday. The stock’s fifty day moving average is $10.04. Spartacus Acquisition Corp. II has a fifty-two week low of $9.90 and a fifty-two week high of $10.45.

About Spartacus Acquisition Corp. II

Spartacus Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar corporate combination.

As a blank-check company, Spartacus Acquisition Corp. II does not operate a traditional commercial business and does not offer products or services of its own. Its activities are focused primarily on evaluating potential target companies and pursuing an appropriate transaction.

The company has not publicly identified a specific operating sector or geographic market for its acquisition strategy in the information available here.