Short Interest in A SPAC II Acquisition Corp. (NASDAQ:ASCB) Declines By 92.3%

A SPAC II Acquisition Corp. (NASDAQ:ASCB) was the recipient of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 100 shares, a decline of 92.3% from the July 31st total of 1,300 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

A SPAC II Acquisition Price Performance

NASDAQ ASCB traded down $0.02 during trading hours on Thursday, reaching $11.16. The stock had a trading volume of 140 shares, compared to its average volume of 14,121. A SPAC II Acquisition has a 52-week low of $10.69 and a 52-week high of $13.00. The stock has a fifty day moving average of $11.31 and a 200 day moving average of $11.24.

Institutional Trading of A SPAC II Acquisition

Several large investors have recently made changes to their positions in the business. Berkley W R Corp boosted its stake in shares of A SPAC II Acquisition by 59.6% in the second quarter. Berkley W R Corp now owns 325,383 shares of the company’s stock worth $3,654,000 after buying an additional 121,446 shares during the last quarter. Logan Stone Capital LLC purchased a new stake in A SPAC II Acquisition in the 2nd quarter worth approximately $921,000. Shaolin Capital Management LLC purchased a new stake in A SPAC II Acquisition in the 1st quarter worth approximately $880,000. Virtu Financial LLC acquired a new stake in shares of A SPAC II Acquisition during the 4th quarter worth approximately $827,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of A SPAC II Acquisition during the 2nd quarter valued at approximately $561,000. 95.62% of the stock is owned by hedge funds and other institutional investors.

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.