Twelve Seas Investment Company II (NASDAQ:TWLVU – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 389 shares, a drop of 34.0% from the April 15th total of 589 shares. Based on an average trading volume of 145 shares, the days-to-cover ratio is presently 2.7 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthspring Capital LLC purchased a new position in shares of Twelve Seas Investment Company II in the 4th quarter valued at $2,255,000. Wolverine Asset Management LLC purchased a new position in shares of Twelve Seas Investment Company II in the 4th quarter valued at $1,481,000. Picton Mahoney Asset Management purchased a new position in shares of Twelve Seas Investment Company II in the 4th quarter valued at $3,980,000. Moore Capital Management LP purchased a new position in shares of Twelve Seas Investment Company II in the 4th quarter valued at $2,488,000. Finally, Crossingbridge Advisors LLC purchased a new position in shares of Twelve Seas Investment Company II in the 4th quarter valued at $1,492,000.
Twelve Seas Investment Company II Stock Performance
Shares of NASDAQ:TWLVU remained flat at $10.10 on Tuesday. The stock had a trading volume of 100 shares, compared to its average volume of 24,517. Twelve Seas Investment Company II has a twelve month low of $9.95 and a twelve month high of $10.41. The business has a 50-day moving average of $10.10 and a 200 day moving average of $10.28.
Twelve Seas Investment Company II Company Profile
Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.
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