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

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

A SPAC II Acquisition Price Performance

Shares of A SPAC II Acquisition stock traded up $0.06 during midday trading on Friday, reaching $11.14. 306,434 shares of the company’s stock traded hands, compared to its average volume of 2,664. The stock has a 50 day moving average of $11.24 and a 200-day moving average of $11.04. A SPAC II Acquisition has a 12 month low of $10.44 and a 12 month high of $12.02.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASCB. Cable Car Capital LLC bought a new position in shares of A SPAC II Acquisition in the 4th quarter worth approximately $272,000. Virtu Financial LLC bought a new stake in shares of A SPAC II Acquisition during the fourth quarter valued at approximately $827,000. Walleye Trading LLC purchased a new stake in A SPAC II Acquisition in the third quarter worth $1,060,000. Finally, Walleye Capital LLC bought a new position in A SPAC II Acquisition in the third quarter worth $1,943,000. 95.62% of the stock is currently owned by institutional investors.

About A SPAC II Acquisition

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.