Artius II Acquisition Inc. (NASDAQ:AACB) Sees Large Growth in Short Interest

Artius II Acquisition Inc. (NASDAQ:AACB) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,705 shares, an increase of 17.8% from the February 26th total of 3,146 shares. Based on an average daily trading volume, of 13,441 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Artius II Acquisition

Hedge funds have recently made changes to their positions in the business. ABC Arbitrage SA acquired a new stake in shares of Artius II Acquisition in the fourth quarter valued at approximately $206,000. Clear Street LLC bought a new position in Artius II Acquisition in the second quarter valued at $334,000. Clear Street Group Inc. bought a new position in Artius II Acquisition in the third quarter valued at $387,000. Verition Fund Management LLC acquired a new stake in Artius II Acquisition in the 3rd quarter valued at $568,000. Finally, Wolverine Asset Management LLC increased its stake in Artius II Acquisition by 4.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 66,628 shares of the company’s stock valued at $675,000 after buying an additional 3,070 shares during the last quarter.

Artius II Acquisition Stock Down 0.0%

AACB opened at $10.34 on Wednesday. Artius II Acquisition has a 12 month low of $9.85 and a 12 month high of $10.39. The firm’s fifty day simple moving average is $10.35 and its 200 day simple moving average is $10.28.

Artius II Acquisition (NASDAQ:AACB) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.04 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Artius II Acquisition in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Artius II Acquisition Company Profile

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.