FAST Acquisition Corp. II (NYSE:FZT – Get Rating) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 20,500 shares, a decrease of 23.8% from the December 31st total of 26,900 shares. Based on an average daily trading volume, of 65,600 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Investors Weigh In On FAST Acquisition Corp. II
A number of large investors have recently added to or reduced their stakes in FZT. Parallax Volatility Advisers L.P. bought a new position in shares of FAST Acquisition Corp. II in the second quarter valued at about $1,445,000. Starboard Value LP bought a new stake in FAST Acquisition Corp. II in the 2nd quarter valued at $7,320,000. Mint Tower Capital Management B.V. grew its holdings in FAST Acquisition Corp. II by 401.7% in the 2nd quarter. Mint Tower Capital Management B.V. now owns 150,516 shares of the company's stock valued at $1,469,000 after buying an additional 120,516 shares in the last quarter. Mangrove Partners bought a new position in FAST Acquisition Corp. II during the 3rd quarter worth $175,000. Finally, First Trust Capital Management L.P. lifted its holdings in shares of FAST Acquisition Corp. II by 163.5% during the third quarter. First Trust Capital Management L.P. now owns 820,288 shares of the company's stock worth $8,051,000 after buying an additional 508,975 shares in the last quarter. Institutional investors own 71.68% of the company's stock.
Get FAST Acquisition Corp. II alerts:FAST Acquisition Corp. II Stock Performance
Shares of FZT traded down $0.01 during mid-day trading on Friday, reaching $10.08. The company's stock had a trading volume of 212 shares, compared to its average volume of 24,213. FAST Acquisition Corp. II has a 1-year low of $9.66 and a 1-year high of $10.10. The business has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $9.89.
FAST Acquisition Corp. II Company Profile
(Get Rating)FAST Acquisition Corp. II focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. In addition, It intends to focus on the restaurant, hospitality, and related sectors in North America. The company was incorporated in 2020 and is based in Ridgefield, Connecticut.
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