Short Interest in Twelve Seas Investment Company II (NASDAQ:TWLV) Decreases By 56.2%

Twelve Seas Investment Company II (NASDAQ:TWLV) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 3,202 shares, a decrease of 56.2% from the April 30th total of 7,316 shares. Based on an average trading volume of 3,871 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Twelve Seas Investment Company II Trading Up 0.1%

NASDAQ:TWLV traded up $0.01 during trading hours on Friday, reaching $9.98. 6,508 shares of the stock were exchanged, compared to its average volume of 9,922. The firm has a 50 day simple moving average of $9.93 and a 200-day simple moving average of $10.12. Twelve Seas Investment Company II has a 52 week low of $9.84 and a 52 week high of $10.38.

Twelve Seas Investment Company II (NASDAQ:TWLV) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Twelve Seas Investment Company II from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.