Ross Acquisition Corp II (NYSE:ROSS) Short Interest Up 15,700.0% in May

Ross Acquisition Corp II (NYSE:ROSS – Get Rating) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 15,800 shares, a growth of 15,700.0% from the April 30th total of 100 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 36,400 shares, the days-to-cover ratio is presently 0.4 days.

Ross Acquisition Corp II Trading Up 0.1 %

Shares of Ross Acquisition Corp II stock opened at $10.46 on Friday. The company’s fifty day simple moving average is $10.30 and its 200-day simple moving average is $10.19. Ross Acquisition Corp II has a 1-year low of $9.76 and a 1-year high of $10.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. First Trust Capital Management L.P. boosted its stake in shares of Ross Acquisition Corp II by 751.9% during the 4th quarter. First Trust Capital Management L.P. now owns 1,703,881 shares of the company’s stock worth $17,243,000 after acquiring an additional 1,503,881 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new position in shares of Ross Acquisition Corp II during the 3rd quarter valued at $12,761,000. Aristeia Capital LLC purchased a new position in shares of Ross Acquisition Corp II during the 4th quarter valued at $13,239,000. Mizuho Securities USA LLC lifted its stake in shares of Ross Acquisition Corp II by 48.6% during the 4th quarter. Mizuho Securities USA LLC now owns 700,000 shares of the company’s stock valued at $7,000,000 after buying an additional 228,955 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its stake in shares of Ross Acquisition Corp II by 3,459.7% during the 1st quarter. Boothbay Fund Management LLC now owns 536,097 shares of the company’s stock valued at $5,490,000 after buying an additional 521,037 shares in the last quarter. Hedge funds and other institutional investors own 65.23% of the company’s stock.

About Ross Acquisition Corp II

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Ross Acquisition Corp II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Palm Beach, Florida.