Twelve Seas Investment Company II (NASDAQ:TWLV) Sees Significant Increase in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLV) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 500 shares, a growth of 66.7% from the May 15th total of 300 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Twelve Seas Investment Company II

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Twelve Seas Investment Company II in the 1st quarter valued at about $127,000. Clear Street LLC grew its holdings in Twelve Seas Investment Company II by 871.3% during the fourth quarter. Clear Street LLC now owns 4,876 shares of the company’s stock worth $51,000 after purchasing an additional 4,374 shares during the period. Finally, Robinson Capital Management LLC boosted its holdings in shares of Twelve Seas Investment Company II by 155.6% during the fourth quarter. Robinson Capital Management LLC now owns 31,494 shares of the company’s stock worth $337,000 after acquiring an additional 19,174 shares during the period. Institutional investors and hedge funds own 7.89% of the company’s stock.

Twelve Seas Investment Company II Stock Performance

Twelve Seas Investment Company II stock remained flat at $10.56 during mid-day trading on Friday. The firm has a 50 day simple moving average of $10.79 and a two-hundred day simple moving average of $10.77. Twelve Seas Investment Company II has a fifty-two week low of $10.02 and a fifty-two week high of $12.16.

About Twelve Seas Investment Company II

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.