Longview Acquisition Corp. II (NYSE:LGV – Get Rating) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 32,200 shares, an increase of 28.8% from the October 31st total of 25,000 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 427,100 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in LGV. Bank of Nova Scotia bought a new stake in shares of Longview Acquisition Corp. II in the 1st quarter valued at about $8,052,000. JPMorgan Chase & Co. raised its stake in Longview Acquisition Corp. II by 459.1% in the first quarter. JPMorgan Chase & Co. now owns 750,167 shares of the company's stock worth $7,322,000 after buying an additional 615,987 shares in the last quarter. Bank of Montreal Can purchased a new stake in Longview Acquisition Corp. II during the first quarter worth $5,276,000. DLD Asset Management LP bought a new stake in Longview Acquisition Corp. II during the 1st quarter valued at $422,000. Finally, Basso Capital Management L.P. purchased a new position in shares of Longview Acquisition Corp. II in the 1st quarter valued at $1,879,000. Hedge funds and other institutional investors own 62.07% of the company's stock.
Get Longview Acquisition Corp. II alerts:Longview Acquisition Corp. II Price Performance
Shares of LGV stock remained flat at $10.05 on Friday. The company had a trading volume of 488,344 shares, compared to its average volume of 823,340. Longview Acquisition Corp. II has a 12-month low of $9.68 and a 12-month high of $10.06. The business has a 50 day moving average price of $9.95 and a 200 day moving average price of $9.85.
About Longview Acquisition Corp. II
(Get Rating)Longview Acquisition Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on businesses in the healthcare, industrials, consumer, media, technology, and technology services sector.
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