Sandbridge X2 Corp. (NYSE:SBII – Get Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 2,900 shares, a growth of 61.1% from the April 15th total of 1,800 shares. Based on an average daily volume of 44,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
NYSE SBII remained flat at $$9.78 on Friday. Sandbridge X2 has a 12 month low of $9.60 and a 12 month high of $10.04. The stock’s fifty day moving average price is $9.77 and its 200-day moving average price is $9.74.
A number of hedge funds and other institutional investors have recently bought and sold shares of SBII. Crestline Management LP purchased a new stake in Sandbridge X2 in the 3rd quarter worth approximately $100,000. Macquarie Group Ltd. raised its position in shares of Sandbridge X2 by 33.3% during the 3rd quarter. Macquarie Group Ltd. now owns 933,333 shares of the company’s stock valued at $9,063,000 after buying an additional 233,333 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Sandbridge X2 during the 3rd quarter valued at $121,000. Beryl Capital Management LLC purchased a new stake in shares of Sandbridge X2 during the 3rd quarter valued at $4,855,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Sandbridge X2 during the 3rd quarter valued at $2,907,000. Institutional investors and hedge funds own 71.35% of the company’s stock.
Sandbridge X2 Corp. 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 businesses. The company was incorporated in 2021 and is based in New York, New York.
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