Investment

Twelve Seas Investment Company II (NASDAQ:TWLV) Short Interest Down 31.8% in May


Twelve Seas Investment Company II (NASDAQ:TWLV – Get Rating) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 12,200 shares, a decline of 31.8% from the April 30th total of 17,900 shares. Based on an average trading volume of 52,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge funds have recently made changes to their positions in the company. Graham Capital Wealth Management LLC acquired a new stake in shares of Twelve Seas Investment Company II during the fourth quarter valued at about $100,000. Toroso Investments LLC acquired a new stake in shares of Twelve Seas Investment Company II during the third quarter valued at about $101,000. Dark Forest Capital Management LP acquired a new stake in shares of Twelve Seas Investment Company II during the third quarter valued at about $113,000. Qube Research & Technologies Ltd acquired a new stake in shares of Twelve Seas Investment Company II during the fourth quarter valued at about $117,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Twelve Seas Investment Company II during the fourth quarter valued at about $163,000. 56.80% of the stock is currently owned by hedge funds and other institutional investors.

Twelve Seas Investment Company II stock opened at $9.77 on Friday. Twelve Seas Investment Company II has a 12-month low of $9.61 and a 12-month high of $10.00. The business’s 50-day moving average price is $9.77 and its two-hundred day moving average price is $9.74.

Twelve Seas Investment Company II Company Profile (Get Rating)

Twelve Seas Investment Company II 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 founded in 2020 and is based in Los Angeles, California.

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