Tuscan Holdings Corp. II (NASDAQ:THCA) Sees Significant Increase in Short Interest

Tuscan Holdings Corp. II (NASDAQ:THCAGet Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 156,100 shares, an increase of 829.2% from the March 31st total of 16,800 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 342,900 shares, the short-interest ratio is presently 0.5 days.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Highbridge Capital Management LLC boosted its holdings in shares of Tuscan Holdings Corp. II by 23.7% during the third quarter. Highbridge Capital Management LLC now owns 1,627,187 shares of the company’s stock worth $16,451,000 after purchasing an additional 312,181 shares during the period. Glazer Capital LLC lifted its stake in Tuscan Holdings Corp. II by 107.8% in the third quarter. Glazer Capital LLC now owns 1,394,410 shares of the company’s stock valued at $14,097,000 after acquiring an additional 723,508 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in Tuscan Holdings Corp. II by 17.4% in the fourth quarter. Mizuho Securities USA LLC now owns 675,150 shares of the company’s stock valued at $6,833,000 after acquiring an additional 99,970 shares during the last quarter. Berkley W R Corp lifted its stake in Tuscan Holdings Corp. II by 38.1% in the third quarter. Berkley W R Corp now owns 525,137 shares of the company’s stock valued at $5,309,000 after acquiring an additional 144,748 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Tuscan Holdings Corp. II in the fourth quarter valued at approximately $2,552,000. 68.34% of the stock is currently owned by institutional investors.

Tuscan Holdings Corp. II stock traded down $0.06 during trading hours on Wednesday, hitting $10.63. 623 shares of the company traded hands, compared to its average volume of 286,689. The firm’s 50-day moving average price is $10.65. Tuscan Holdings Corp. II has a 1-year low of $9.98 and a 1-year high of $13.77.

About Tuscan Holdings Corp. II (Get Rating)

Tuscan Holdings Corp. II does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2019 and is based in New York, New York.

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