Twelve Seas Investment Company II (NASDAQ:TWLV) Short Interest Down 72.3% in May

Twelve Seas Investment Company II (NASDAQ:TWLV) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 887 shares, a decline of 72.3% from the May 14th total of 3,202 shares. Based on an average daily volume of 16,341 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Twelve Seas Investment Company II from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Twelve Seas Investment Company II Trading Up 0.1%

TWLV traded up $0.01 on Thursday, hitting $9.99. 111,211 shares of the company’s stock were exchanged, compared to its average volume of 11,996. Twelve Seas Investment Company II has a fifty-two week low of $9.84 and a fifty-two week high of $10.38. The firm has a 50-day moving average price of $9.95 and a 200-day moving average price of $10.08.

Twelve Seas Investment Company II (NASDAQ:TWLV) last announced its earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

Twelve Seas Investment Company II Company Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.