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

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

Institutional Trading of A SPAC II Acquisition

A number of institutional investors have recently added to or reduced their stakes in the business. Logan Stone Capital LLC bought a new position in A SPAC II Acquisition during the second quarter worth $921,000. Berkley W R Corp increased its position in A SPAC II Acquisition by 59.6% during the second quarter. Berkley W R Corp now owns 325,383 shares of the company’s stock worth $3,654,000 after acquiring an additional 121,446 shares during the period. Virtu Financial LLC boosted its stake in A SPAC II Acquisition by 43.3% during the second quarter. Virtu Financial LLC now owns 72,831 shares of the company’s stock worth $818,000 after buying an additional 21,995 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of A SPAC II Acquisition in the 2nd quarter valued at $561,000. Finally, Shaolin Capital Management LLC acquired a new stake in shares of A SPAC II Acquisition in the 1st quarter valued at $880,000. 95.62% of the stock is currently owned by institutional investors and hedge funds.

A SPAC II Acquisition Price Performance

NASDAQ ASCB traded up $0.32 during trading on Tuesday, reaching $11.48. The company’s stock had a trading volume of 132 shares, compared to its average volume of 14,249. The business has a 50-day moving average price of $11.31 and a 200-day moving average price of $11.24. A SPAC II Acquisition has a 1-year low of $10.67 and a 1-year high of $13.00.

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.