Industrial Tech Acquisitions II, Inc. (NASDAQ:ITAQ – Get Rating) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 5,300 shares, an increase of 430.0% from the September 30th total of 1,000 shares. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Industrial Tech Acquisitions II

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in shares of Industrial Tech Acquisitions II during the 1st quarter valued at approximately $199,000. State Street Corp acquired a new stake in Industrial Tech Acquisitions II in the 2nd quarter valued at $109,000. Verition Fund Management LLC acquired a new stake in Industrial Tech Acquisitions II in the 2nd quarter valued at $4,572,000. Centiva Capital LP grew its stake in Industrial Tech Acquisitions II by 2.1% in the 2nd quarter. Centiva Capital LP now owns 306,252 shares of the company's stock valued at $3,044,000 after acquiring an additional 6,252 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Industrial Tech Acquisitions II in the 2nd quarter valued at $1,309,000.

Industrial Tech Acquisitions II Price Performance

Shares of NASDAQ:ITAQ traded up $0.03 during trading on Thursday, hitting $10.06. 2,960 shares of the stock traded hands, compared to its average volume of 15,611. The company has a fifty day moving average price of $10.01 and a two-hundred day moving average price of $9.98. Industrial Tech Acquisitions II has a 52-week low of $9.83 and a 52-week 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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