Twelve Seas Investment Company II (NASDAQ:TWLV) Short Interest Down 17.4% in August

Twelve Seas Investment Company II (NASDAQ:TWLV) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 7,600 shares, a decrease of 17.4% from the August 15th total of 9,200 shares. Based on an average trading volume of 7,900 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mizuho Securities USA LLC purchased a new position in Twelve Seas Investment Company II in the 1st quarter valued at about $2,111,000. Exos TFP Holdings LLC lifted its holdings in Twelve Seas Investment Company II by 206.8% in the 4th quarter. Exos TFP Holdings LLC now owns 480,170 shares of the company’s stock valued at $4,826,000 after purchasing an additional 323,641 shares in the last quarter. Kepos Capital LP purchased a new position in Twelve Seas Investment Company II in the 4th quarter valued at about $754,000. Cowen Investment Management LLC purchased a new position in shares of Twelve Seas Investment Company II during the 4th quarter worth about $6,030,000. Finally, Tuttle Capital Management LLC lifted its holdings in shares of Twelve Seas Investment Company II by 27.2% during the 1st quarter. Tuttle Capital Management LLC now owns 71,258 shares of the company’s stock worth $591,000 after acquiring an additional 15,236 shares during the period. 22.31% of the stock is currently owned by hedge funds and other institutional investors.

Twelve Seas Investment Company II Price Performance

Shares of NASDAQ TWLV opened at $10.48 on Friday. The company’s 50-day moving average price is $10.42 and its 200 day moving average price is $10.32. Twelve Seas Investment Company II has a 52 week low of $9.81 and a 52 week high of $11.02.

About Twelve Seas Investment Company II

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