Artius II Acquisition Inc. (NASDAQ:AACB) Sees Significant Decline in Short Interest

Artius II Acquisition Inc. (NASDAQ:AACB) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 2,485 shares, a decline of 52.9% from the March 31st total of 5,272 shares. Based on an average daily trading volume, of 10,766 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Artius II Acquisition

A number of hedge funds have recently bought and sold shares of AACB. ABC Arbitrage SA purchased a new stake in Artius II Acquisition during the fourth quarter valued at $206,000. Clear Street Group Inc. purchased a new stake in Artius II Acquisition during the third quarter valued at $387,000. Verition Fund Management LLC purchased a new stake in Artius II Acquisition during the third quarter valued at $568,000. Wolverine Asset Management LLC increased its position in Artius II Acquisition by 4.8% during the third quarter. Wolverine Asset Management LLC now owns 66,628 shares of the company’s stock valued at $675,000 after acquiring an additional 3,070 shares during the last quarter. Finally, Meteora Capital LLC purchased a new stake in Artius II Acquisition during the fourth quarter valued at $729,000.

Artius II Acquisition Price Performance

NASDAQ AACB opened at $10.38 on Friday. The business has a fifty day simple moving average of $10.35 and a 200 day simple moving average of $10.31. Artius II Acquisition has a 12 month low of $9.92 and a 12 month high of $10.40.

Artius II Acquisition (NASDAQ:AACB) last released its earnings results on Thursday, March 19th. The company reported $0.04 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Artius II Acquisition in a research report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Artius II Acquisition

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.