Short Interest in Seaport Global Acquisition II Corp. (NASDAQ:SGII) Expands By 980.0%

Seaport Global Acquisition II Corp. (NASDAQ:SGIIGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 5,400 shares, a growth of 980.0% from the April 15th total of 500 shares. Based on an average daily volume of 49,300 shares, the days-to-cover ratio is currently 0.1 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Timelo Investment Management Inc. bought a new stake in shares of Seaport Global Acquisition II in the 4th quarter worth $247,000. Deltec Asset Management LLC purchased a new stake in shares of Seaport Global Acquisition II in the fourth quarter worth about $494,000. Wealthspring Capital LLC purchased a new stake in shares of Seaport Global Acquisition II in the first quarter worth about $743,000. Context Capital Management LLC purchased a new stake in shares of Seaport Global Acquisition II in the first quarter worth about $578,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Seaport Global Acquisition II by 84.3% in the first quarter. Wolverine Asset Management LLC now owns 65,922 shares of the company’s stock worth $653,000 after buying an additional 30,146 shares in the last quarter. Hedge funds and other institutional investors own 35.02% of the company’s stock.

Shares of NASDAQ SGII remained flat at $$9.96 during trading on Wednesday. Seaport Global Acquisition II has a twelve month low of $9.67 and a twelve month high of $11.00. The company has a 50-day moving average price of $9.92.

Seaport Global Acquisition II Company Profile (Get Rating)

Seaport Global Acquisition II 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 incorporated in 2021 and is based in New York, New York.

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