Sandbridge X2 Corp. (NYSE:SBII) Sees Large Increase in Short Interest

Sandbridge X2 Corp. (NYSE:SBIIGet Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,300 shares, an increase of 26.9% from the March 15th total of 2,600 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 19,800 shares, the days-to-cover ratio is currently 0.2 days.

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of Sandbridge X2 in the fourth quarter valued at about $36,000. Crestline Management LP acquired a new stake in shares of Sandbridge X2 in the third quarter valued at about $100,000. OLD Mission Capital LLC acquired a new stake in shares of Sandbridge X2 in the third quarter valued at about $121,000. Cantor Fitzgerald Investment Adviser L.P. acquired a new position in Sandbridge X2 during the fourth quarter worth approximately $533,000. Finally, Schonfeld Strategic Advisors LLC increased its position in Sandbridge X2 by 25.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 60,000 shares of the company’s stock worth $583,000 after buying an additional 12,267 shares during the last quarter. 64.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SBII traded up $0.04 during midday trading on Monday, reaching $9.80. The company had a trading volume of 19,657 shares, compared to its average volume of 20,822. The company’s 50 day moving average is $9.74. Sandbridge X2 has a 1-year low of $9.60 and a 1-year high of $10.04.

Sandbridge X2 Company Profile (Get Rating)

Sandbridge X2 Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2021 and is based in New York, New York.

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