Twelve Seas Investment Company II (NASDAQ:TWLV) Sees Large Drop in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLVGet Rating) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,000 shares, a decline of 37.1% from the March 15th total of 14,300 shares. Based on an average daily volume of 68,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

NASDAQ:TWLV opened at $9.79 on Friday. Twelve Seas Investment Company II has a 12-month low of $9.61 and a 12-month high of $10.00. The company’s 50-day moving average is $9.73 and its two-hundred day moving average is $9.72.

Several large investors have recently bought and sold shares of TWLV. Citadel Advisors LLC boosted its position in Twelve Seas Investment Company II by 1.2% during the fourth quarter. Citadel Advisors LLC now owns 158,935 shares of the company’s stock worth $1,542,000 after acquiring an additional 1,928 shares during the last quarter. Omni Partners US LLC grew its position in shares of Twelve Seas Investment Company II by 1.0% in the third quarter. Omni Partners US LLC now owns 225,071 shares of the company’s stock valued at $2,186,000 after purchasing an additional 2,156 shares during the period. CNH Partners LLC grew its position in shares of Twelve Seas Investment Company II by 1.8% in the third quarter. CNH Partners LLC now owns 152,683 shares of the company’s stock valued at $1,483,000 after purchasing an additional 2,686 shares during the period. Exos Asset Management LLC increased its stake in Twelve Seas Investment Company II by 4.6% in the first quarter. Exos Asset Management LLC now owns 81,798 shares of the company’s stock valued at $799,000 after purchasing an additional 3,617 shares during the last quarter. Finally, Ancora Advisors LLC lifted its position in Twelve Seas Investment Company II by 15.1% during the third quarter. Ancora Advisors LLC now owns 46,469 shares of the company’s stock worth $451,000 after buying an additional 6,100 shares during the period. 48.59% of the stock is owned by institutional investors and hedge funds.

About Twelve Seas Investment Company II (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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