Oyster Enterprises II Acquisition (NASDAQ:OYSEU) Trading Up 1.7% – Here’s Why

Oyster Enterprises II Acquisition Corp (NASDAQ:OYSEU) rose 1.7% on Monday . The company traded as high as $10.45 and last traded at $10.45. Approximately 100 shares changed hands during trading, a decline of 100% from the average daily volume of 124,358 shares. The stock had previously closed at $10.28.

Oyster Enterprises II Acquisition Stock Performance

The company has a 50 day moving average price of $10.32 and a 200 day moving average price of $10.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in Oyster Enterprises II Acquisition in the 3rd quarter valued at about $135,000. Clear Street Group Inc. bought a new position in shares of Oyster Enterprises II Acquisition during the third quarter worth approximately $404,000. Hudson Bay Capital Management LP acquired a new stake in Oyster Enterprises II Acquisition during the 2nd quarter worth approximately $7,050,000. Radcliffe Capital Management L.P. bought a new stake in Oyster Enterprises II Acquisition in the 2nd quarter valued at $5,577,000. Finally, Moore Capital Management LP bought a new stake in Oyster Enterprises II Acquisition in the 2nd quarter valued at $5,060,000.

About Oyster Enterprises II Acquisition

Oyster Enterprises II Acquisition (NASDAQ: OYSEU) is a special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more operating businesses. As a blank‐check vehicle, the company was organized under the laws of the Cayman Islands with the sole purpose of identifying and completing a transaction with a target that will enhance shareholder value.

Upon its initial public offering, Oyster Enterprises II Acquisition issued units consisting of one ordinary share and one‐half warrant.