A SPAC II Acquisition Corp. (NASDAQ:ASCB) Sees Significant Growth in Short Interest

A SPAC II Acquisition Corp. (NASDAQ:ASCBGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,800 shares, a growth of 21.7% from the April 30th total of 2,300 shares. Based on an average daily volume of 10,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

A SPAC II Acquisition Stock Performance

ASCB opened at $11.20 on Friday. The business’s 50-day moving average is $11.20 and its two-hundred day moving average is $11.06. A SPAC II Acquisition has a 1 year low of $10.48 and a 1 year high of $12.02.

Institutional Trading of A SPAC II Acquisition

A number of institutional investors have recently made changes to their positions in the business. Cable Car Capital LLC acquired a new stake in A SPAC II Acquisition in the 4th quarter worth approximately $272,000. Virtu Financial LLC purchased a new stake in shares of A SPAC II Acquisition during the fourth quarter valued at $827,000. Shaolin Capital Management LLC acquired a new position in shares of A SPAC II Acquisition in the 1st quarter valued at $880,000. Walleye Trading LLC acquired a new position in shares of A SPAC II Acquisition in the 3rd quarter valued at $1,060,000. Finally, Walleye Capital LLC purchased a new position in A SPAC II Acquisition in the 3rd quarter worth $1,943,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

About A SPAC II Acquisition

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A SPAC II Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue prospective targets that are in the industries that apply technologies, such as Proptech and Fintech primarily in North America, Europe, and Asia.

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