Short Interest in Twelve Seas Investment Company II (NASDAQ:TWLVU) Declines By 85.4%

by · The Markets Daily

Twelve Seas Investment Company II (NASDAQ:TWLVU – Get Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 28 shares, a decrease of 85.4% from the May 14th total of 192 shares. Based on an average daily volume of 10,927 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Twelve Seas Investment Company II

Several hedge funds have recently modified their holdings of TWLVU. Wolverine Asset Management LLC purchased a new position in shares of Twelve Seas Investment Company II in the 4th quarter valued at about $1,481,000. ABC Arbitrage SA purchased a new stake in shares of Twelve Seas Investment Company II in the fourth quarter valued at approximately $398,000. Wealthspring Capital LLC acquired a new position in shares of Twelve Seas Investment Company II during the 4th quarter worth approximately $2,255,000. MMCAP International Inc. SPC acquired a new position in shares of Twelve Seas Investment Company II during the 4th quarter worth approximately $3,980,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Twelve Seas Investment Company II during the 4th quarter valued at approximately $4,157,000.

Twelve Seas Investment Company II Price Performance

NASDAQ TWLVU remained flat at $10.10 during mid-day trading on Wednesday. The company has a 50 day moving average price of $10.10 and a 200-day moving average price of $10.19. Twelve Seas Investment Company II has a twelve month low of $9.95 and a twelve month high of $10.41.

Twelve Seas Investment Company II Company Profile

(Get Free Report)

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.

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