Twelve Seas Investment Company II (NASDAQ:TWLVU) Short Interest Down 85.4% in May

Twelve Seas Investment Company II (NASDAQ:TWLVU) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 28 shares, a drop of 85.4% from the May 14th total of 192 shares. Based on an average daily volume of 10,927 shares, the short-interest ratio is presently 0.0 days.

Twelve Seas Investment Company II Stock Performance

Shares of NASDAQ TWLVU remained flat at $10.10 during trading on Wednesday. The business’s 50-day simple moving average is $10.10 and its 200 day simple moving average is $10.19. Twelve Seas Investment Company II has a 1 year low of $9.95 and a 1 year high of $10.41.

Institutional Investors Weigh In On Twelve Seas Investment Company II

Several institutional investors have recently bought and sold shares of TWLVU. Evercore Wealth Management LLC purchased a new position in shares of Twelve Seas Investment Company II in the fourth quarter valued at approximately $135,000. StoneX Group Inc. purchased a new stake in shares of Twelve Seas Investment Company II during the fourth quarter worth approximately $213,000. HRT Financial LP purchased a new stake in shares of Twelve Seas Investment Company II during the fourth quarter worth approximately $268,000. ABC Arbitrage SA acquired a new position in Twelve Seas Investment Company II in the 4th quarter valued at $398,000. Finally, Toronto Dominion Bank acquired a new position in Twelve Seas Investment Company II in the 4th quarter valued at $498,000.

About Twelve Seas Investment Company II

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.