Twelve Seas Investment Company II (NASDAQ:TWLVU) Short Interest Update

Twelve Seas Investment Company II (NASDAQ:TWLVU) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 192 shares, a decline of 50.6% from the April 30th total of 389 shares. Based on an average trading volume of 45 shares, the short-interest ratio is presently 4.3 days.

Twelve Seas Investment Company II Stock Performance

TWLVU traded up $0.01 during midday trading on Tuesday, reaching $10.10. 100,001 shares of the company’s stock were exchanged, compared to its average volume of 28,333. The business’s 50-day moving average price is $10.10 and its 200 day moving average price is $10.22. Twelve Seas Investment Company II has a 1-year low of $9.95 and a 1-year high of $10.41.

Hedge Funds Weigh In On Twelve Seas Investment Company II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWLVU. Evercore Wealth Management LLC acquired a new position in Twelve Seas Investment Company II during the fourth quarter worth approximately $135,000. StoneX Group Inc. acquired a new position in Twelve Seas Investment Company II during the fourth quarter worth approximately $213,000. HRT Financial LP acquired a new position in 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 during the fourth quarter worth approximately $398,000. Finally, Toronto Dominion Bank acquired a new position in Twelve Seas Investment Company II during the fourth quarter worth approximately $498,000.

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.