Tishman Speyer Innovation Corp. II (NASDAQ:TSIB) Sees Significant Increase in Short Interest

Tishman Speyer Innovation Corp. II (NASDAQ:TSIBGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 16,200 shares, an increase of 95.2% from the March 31st total of 8,300 shares. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSIB. Westchester Capital Management LLC boosted its holdings in Tishman Speyer Innovation Corp. II by 1.6% in the 3rd quarter. Westchester Capital Management LLC now owns 538,863 shares of the company’s stock valued at $5,281,000 after purchasing an additional 8,488 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Tishman Speyer Innovation Corp. II in the 3rd quarter valued at approximately $101,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Tishman Speyer Innovation Corp. II in the 4th quarter valued at approximately $194,000. Bulldog Investors LLP purchased a new stake in Tishman Speyer Innovation Corp. II in the 3rd quarter valued at approximately $196,000. Finally, Rivernorth Capital Management LLC purchased a new stake in Tishman Speyer Innovation Corp. II in the 3rd quarter valued at approximately $320,000. 48.03% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ TSIB opened at $9.82 on Friday. Tishman Speyer Innovation Corp. II has a 52-week low of $9.69 and a 52-week high of $10.00. The business’s 50-day moving average price is $9.78 and its 200 day moving average price is $9.77.

About Tishman Speyer Innovation Corp. II (Get Rating)

Tishman Speyer Innovation Corp. 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 operating businesses. The company was formerly known as TS Innovation II Corp.

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