Industrial Tech Acquisitions II, Inc. (NASDAQ:ITAQ – Get Rating) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 4,400 shares, an increase of 4,300.0% from the August 15th total of 100 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Industrial Tech Acquisitions II

Large investors have recently modified their holdings of the business. Saba Capital Management L.P. acquired a new position in shares of Industrial Tech Acquisitions II in the 1st quarter valued at approximately $14,051,000. Highbridge Capital Management LLC bought a new position in Industrial Tech Acquisitions II in the first quarter valued at approximately $8,089,000. Polar Asset Management Partners Inc. acquired a new position in shares of Industrial Tech Acquisitions II in the first quarter valued at approximately $6,965,000. Radcliffe Capital Management L.P. bought a new stake in shares of Industrial Tech Acquisitions II during the first quarter worth $5,272,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Industrial Tech Acquisitions II during the second quarter worth $4,572,000.

Industrial Tech Acquisitions II Stock Performance

Shares of Industrial Tech Acquisitions II stock opened at $10.06 on Thursday. The business's fifty day simple moving average is $9.99. Industrial Tech Acquisitions II has a 12 month low of $9.83 and a 12 month high of $10.06.

Industrial Tech Acquisitions II Company Profile

Industrial Tech Acquisitions II, Inc does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on targets operating in the technology-focused areas, including software, mobile and IoT applications, digital and energy transformation, cloud, and cyber communications, as well as high bandwidth services, including LTE, remote sensing, and 5G communications.

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