Twelve Seas Investment Company II (NASDAQ:TWLV) Sees Significant Decrease in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLV – Get Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 4,000 shares, a decrease of 42.0% from the April 30th total of 6,900 shares. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Twelve Seas Investment Company II

Several institutional investors and hedge funds have recently made changes to their positions in TWLV. Sage Mountain Advisors LLC bought a new position in shares of Twelve Seas Investment Company II during the fourth quarter valued at about $203,000. Virtu Financial LLC bought a new stake in shares of Twelve Seas Investment Company II during the third quarter valued at approximately $251,000. RPO LLC bought a new stake in Twelve Seas Investment Company II in the 4th quarter worth approximately $336,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Twelve Seas Investment Company II in the 1st quarter worth approximately $488,000. Finally, Wealthspring Capital LLC bought a new stake in Twelve Seas Investment Company II in the 4th quarter worth approximately $514,000. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Twelve Seas Investment Company II Trading Down 0.3 %

NASDAQ TWLV opened at $10.30 on Friday. Twelve Seas Investment Company II has a 1 year low of $9.74 and a 1 year high of $10.70. The company’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $10.13.

About Twelve Seas Investment Company II

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Twelve Seas Investment Company II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.