Archimedes Tech SPAC Partners III Co. Units (NASDAQ:ARCIU – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 441 shares, a drop of 58.7% from the August 31st total of 1,068 shares. Based on an average trading volume of 720 shares, the days-to-cover ratio is currently 0.6 days.
Archimedes Tech SPAC Partners III Co. Units Trading Down 0.8%
NASDAQ ARCIU opened at $10.16 on Wednesday. Archimedes Tech SPAC Partners III Co. Units has a 12-month low of $9.99 and a 12-month high of $10.66. The company has a 50 day moving average price of $10.34 and a two-hundred day moving average price of $10.17.
About Archimedes Tech SPAC Partners III Co. Units
Archimedes Tech SPAC Partners III Co is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more businesses. The company does not have ongoing operating activities of its own and was established to raise capital through a public offering for a future acquisition.
The company is focused on pursuing a merger, stock purchase, asset acquisition, reorganization, or similar transaction with a target business, with an emphasis on opportunities in the technology sector.
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