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

A SPAC II Acquisition Corp. (NASDAQ:ASCB) was the target of a large drop in short interest in 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 trading volume of 5,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

A SPAC II Acquisition Stock Performance

Shares of A SPAC II Acquisition stock remained flat at $11.08 during trading on Thursday. A SPAC II Acquisition has a twelve month low of $10.43 and a twelve month high of $12.02. The business has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $11.04.

Institutional Trading of A SPAC II Acquisition

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

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.