Short Interest in A SPAC II Acquisition Corp. (NASDAQ:ASCB) Decreases By 63.9%

A SPAC II Acquisition Corp. (NASDAQ:ASCB) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,300 shares, a drop of 63.9% from the March 31st total of 3,600 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On A SPAC II Acquisition

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

A SPAC II Acquisition Price Performance

Shares of ASCB traded up $0.06 during mid-day trading on Friday, reaching $11.14. 306,434 shares of the company were exchanged, compared to its average volume of 2,664. The business has a 50 day simple moving average of $11.24 and a two-hundred day simple moving average of $11.04. A SPAC II Acquisition has a 52 week low of $10.44 and a 52 week high of $12.02.

A SPAC II Acquisition Company Profile

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.