A SPAC II Acquisition Corp. (NASDAQ:ASCB) Short Interest Down 63.9% in April

A SPAC II Acquisition Corp. (NASDAQ:ASCB) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, a decrease of 63.9% from the March 31st total of 3,600 shares. Based on an average trading volume of 5,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of A SPAC II Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cable Car Capital LLC acquired a new stake in A SPAC II Acquisition in the 4th quarter valued at approximately $272,000. Virtu Financial LLC acquired a new stake in A SPAC II Acquisition in the 4th quarter valued at approximately $827,000. Walleye Trading LLC acquired a new stake in A SPAC II Acquisition in the 3rd quarter valued at approximately $1,060,000. Finally, Walleye Capital LLC acquired a new stake in A SPAC II Acquisition in the 3rd quarter valued at approximately $1,943,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

A SPAC II Acquisition Stock Performance

NASDAQ:ASCB remained flat at $11.08 during mid-day trading on Thursday. The firm’s 50 day moving average is $11.25 and its two-hundred day moving average is $11.04. A SPAC II Acquisition has a one year low of $10.43 and a one year high of $12.02.

About A SPAC II Acquisition

A SPAC II Acquisition Corp. 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 pursue prospective targets that are in the industries that apply technologies, such as Proptech and Fintech primarily in North America, Europe, and Asia.