Atlas Crest Investment Corp. II (NYSE:ACII) Sees Large Decrease in Short Interest

Atlas Crest Investment Corp. II (NYSE:ACIIGet Rating) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 11,400 shares, a decline of 37.0% from the April 15th total of 18,100 shares. Based on an average daily volume of 97,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Shares of Atlas Crest Investment Corp. II stock opened at $9.78 on Friday. The company’s 50-day moving average price is $9.80 and its two-hundred day moving average price is $9.77. Atlas Crest Investment Corp. II has a 52 week low of $9.61 and a 52 week high of $9.86.

A number of institutional investors have recently modified their holdings of ACII. Penserra Capital Management LLC bought a new stake in Atlas Crest Investment Corp. II in the first quarter worth about $30,000. OLD Mission Capital LLC bought a new stake in Atlas Crest Investment Corp. II in the third quarter worth about $98,000. DAVENPORT & Co LLC bought a new stake in Atlas Crest Investment Corp. II in the first quarter worth about $118,000. Qube Research & Technologies Ltd raised its position in Atlas Crest Investment Corp. II by 73.8% in the fourth quarter. Qube Research & Technologies Ltd now owns 35,242 shares of the company’s stock worth $343,000 after acquiring an additional 14,970 shares in the last quarter. Finally, Timelo Investment Management Inc. bought a new stake in Atlas Crest Investment Corp. II in the fourth quarter worth about $487,000. Hedge funds and other institutional investors own 62.36% of the company’s stock.

Atlas Crest Investment Corp. II Company Profile (Get Rating)

Atlas Crest Investment Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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