Leo Holdings Corp. II (NYSE:LHC) Short Interest Up 3,018.2% in April

Leo Holdings Corp. II (NYSE:LHCGet Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 68,600 shares, a growth of 3,018.2% from the April 15th total of 2,200 shares. Based on an average trading volume of 84,500 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Several hedge funds have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its stake in shares of Leo Holdings Corp. II by 327.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 788,457 shares of the company’s stock worth $7,687,000 after buying an additional 604,118 shares during the period. HighTower Advisors LLC grew its holdings in shares of Leo Holdings Corp. II by 50.4% during the 3rd quarter. HighTower Advisors LLC now owns 758,763 shares of the company’s stock worth $7,392,000 after purchasing an additional 254,241 shares during the period. Weiss Asset Management LP lifted its stake in Leo Holdings Corp. II by 7.4% during the 3rd quarter. Weiss Asset Management LP now owns 724,253 shares of the company’s stock worth $7,054,000 after acquiring an additional 50,000 shares in the last quarter. Omni Partners US LLC acquired a new stake in Leo Holdings Corp. II in the 3rd quarter valued at about $1,649,000. Finally, Omni Event Management Ltd acquired a new stake in shares of Leo Holdings Corp. II during the 4th quarter worth about $1,520,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Shares of Leo Holdings Corp. II stock traded down $0.01 on Wednesday, reaching $9.81. 6,312 shares of the stock were exchanged, compared to its average volume of 81,422. Leo Holdings Corp. II has a twelve month low of $9.61 and a twelve month high of $10.00. The company has a 50 day simple moving average of $9.82.

Leo Holdings Corp. II Company Profile (Get Rating)

Leo Holdings Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Nassau, the Bahamas.

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