A SPAC II Acquisition Co. (NASDAQ:ASCB – Get Rating) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 10,400 shares, a growth of 28.4% from the November 30th total of 8,100 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 45,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On A SPAC II Acquisition

Large investors have recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new position in A SPAC II Acquisition in the second quarter worth approximately $688,000. Dakota Wealth Management purchased a new position in shares of A SPAC II Acquisition during the second quarter worth about $452,000. Skaana Management L.P. purchased a new position in shares of A SPAC II Acquisition during the second quarter worth about $1,965,000. Hudson Bay Capital Management LP purchased a new stake in A SPAC II Acquisition in the 2nd quarter valued at approximately $14,760,000. Finally, Starboard Value LP purchased a new stake in A SPAC II Acquisition in the 2nd quarter valued at approximately $7,380,000. 89.37% of the stock is currently owned by hedge funds and other institutional investors.

A SPAC II Acquisition Stock Down 0.1 %

Shares of ASCB opened at $10.23 on Friday. The stock has a 50-day moving average of $10.11 and a two-hundred day moving average of $9.98. A SPAC II Acquisition has a one year low of $9.81 and a one year high of $10.48.

A SPAC II Acquisition Company Profile

A SPAC II Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue prospective targets that are in the industries that apply technologies, such as Proptech and Fintech in North America, Europe, and Asia.

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