Good Works II Acquisition Corp. (NASDAQ:GWII) Sees Significant Decline in Short Interest

Good Works II Acquisition Corp. (NASDAQ:GWIIGet Rating) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 7,800 shares, a decrease of 16.1% from the May 15th total of 9,300 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Several institutional investors have recently made changes to their positions in GWII. Ancora Advisors LLC bought a new position in Good Works II Acquisition during the 3rd quarter valued at $182,000. OTA Financial Group L.P. bought a new position in Good Works II Acquisition during the 1st quarter valued at $222,000. Qube Research & Technologies Ltd bought a new position in Good Works II Acquisition during the 4th quarter valued at $250,000. Millennium Management LLC acquired a new stake in shares of Good Works II Acquisition in the third quarter worth $443,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Good Works II Acquisition in the third quarter worth $977,000. Institutional investors and hedge funds own 76.75% of the company’s stock.

GWII traded up $0.04 on Friday, reaching $9.92. The company’s stock had a trading volume of 200 shares, compared to its average volume of 9,512. The business’s 50 day moving average is $9.89 and its 200 day moving average is $9.84. Good Works II Acquisition has a 1 year low of $9.62 and a 1 year high of $9.93.

About Good Works II Acquisition (Get Rating)

Good Works II Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Houston, Texas.

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