Seaport Global Acquisition II Corp. (NASDAQ:SGII – Get Rating) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 500 shares, a decrease of 77.3% from the September 30th total of 2,200 shares. Based on an average daily trading volume, of 21,100 shares, the short-interest ratio is currently 0.0 days.

Seaport Global Acquisition II Stock Performance

Shares of Seaport Global Acquisition II stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.06. The stock had a trading volume of 82,512 shares, compared to its average volume of 47,273. The firm has a 50-day moving average of $10.00 and a two-hundred day moving average of $9.97. Seaport Global Acquisition II has a 12-month low of $9.67 and a 12-month high of $11.00.

Hedge Funds Weigh In On Seaport Global Acquisition II

A number of hedge funds have recently made changes to their positions in the stock. Saba Capital Management L.P. boosted its position in shares of Seaport Global Acquisition II by 4.2% during the 1st quarter. Saba Capital Management L.P. now owns 1,235,035 shares of the company's stock worth $12,239,000 after purchasing an additional 50,036 shares during the period. Aristeia Capital LLC boosted its position in Seaport Global Acquisition II by 149.1% in the 2nd quarter. Aristeia Capital LLC now owns 498,220 shares of the company's stock valued at $4,957,000 after buying an additional 298,220 shares during the period. Radcliffe Capital Management L.P. boosted its position in Seaport Global Acquisition II by 45.6% in the 1st quarter. Radcliffe Capital Management L.P. now owns 327,575 shares of the company's stock valued at $3,246,000 after buying an additional 102,575 shares during the period. Verition Fund Management LLC boosted its position in Seaport Global Acquisition II by 17.1% in the 2nd quarter. Verition Fund Management LLC now owns 312,393 shares of the company's stock valued at $3,121,000 after buying an additional 45,643 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in Seaport Global Acquisition II by 33.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 304,618 shares of the company's stock valued at $3,031,000 after buying an additional 76,059 shares during the period. Hedge funds and other institutional investors own 69.98% of the company's stock.

About Seaport Global Acquisition II

Seaport Global Acquisition II Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

Further Reading

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