Tishman Speyer Innovation Corp. II (NASDAQ:TSIB) Short Interest Up 170.0% in May

Tishman Speyer Innovation Corp. II (NASDAQ:TSIBGet Rating) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 35,100 shares, an increase of 170.0% from the May 15th total of 13,000 shares. Based on an average daily trading volume, of 42,500 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Several large investors have recently added to or reduced their stakes in TSIB. Bank of America Corp DE acquired a new position in shares of Tishman Speyer Innovation Corp. II in the second quarter valued at approximately $1,001,000. Marshall Wace LLP acquired a new position in shares of Tishman Speyer Innovation Corp. II in the third quarter valued at approximately $2,456,000. Rivernorth Capital Management LLC acquired a new position in shares of Tishman Speyer Innovation Corp. II in the third quarter valued at approximately $320,000. Alberta Investment Management Corp increased its holdings in shares of Tishman Speyer Innovation Corp. II by 9.9% in the third quarter. Alberta Investment Management Corp now owns 659,497 shares of the company’s stock valued at $6,463,000 after purchasing an additional 59,497 shares during the period. Finally, Fortress Investment Group LLC increased its holdings in shares of Tishman Speyer Innovation Corp. II by 74.9% in the third quarter. Fortress Investment Group LLC now owns 351,889 shares of the company’s stock valued at $3,449,000 after purchasing an additional 150,747 shares during the period. 53.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ TSIB opened at $9.81 on Friday. Tishman Speyer Innovation Corp. II has a twelve month low of $9.69 and a twelve month high of $9.95. The stock has a 50 day moving average of $9.79 and a two-hundred day moving average of $9.77.

About Tishman Speyer Innovation Corp. II (Get Rating)

Tishman Speyer Innovation Corp. II 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 operating businesses. The company was formerly known as TS Innovation II Corp.

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