Short Interest in Leo Holdings Corp. II (NYSE:LHC) Drops By 96.4%

Leo Holdings Corp. II (NYSE:LHCGet Rating) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 2,500 shares, a decline of 96.4% from the April 30th total of 68,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 90,600 shares, the days-to-cover ratio is presently 0.0 days.

LHC traded up $0.01 during trading on Wednesday, reaching $9.82. 431 shares of the company were exchanged, compared to its average volume of 78,152. Leo Holdings Corp. II has a 52 week low of $9.61 and a 52 week high of $10.00. The firm has a 50 day moving average of $9.82 and a 200 day moving average of $9.78.

A number of hedge funds have recently modified their holdings of the stock. Qube Research & Technologies Ltd bought a new stake in Leo Holdings Corp. II during the 4th quarter valued at $192,000. OTA Financial Group L.P. acquired a new stake in Leo Holdings Corp. II in the fourth quarter worth approximately $298,000. Dark Forest Capital Management LP bought a new position in Leo Holdings Corp. II during the 3rd quarter valued at $434,000. Bank of Montreal Can acquired a new position in shares of Leo Holdings Corp. II during the 4th quarter valued at $489,000. Finally, Kawa Capital Management Inc acquired a new position in shares of Leo Holdings Corp. II during the 4th quarter valued at $535,000. 71.16% of the stock is owned by institutional investors and hedge funds.

About Leo Holdings Corp. II (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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