Twelve Seas Investment Company II (NASDAQ:TWLV) Sees Large Drop in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLV) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 887 shares, a drop of 72.3% from the May 14th total of 3,202 shares. Based on an average trading volume of 16,341 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Twelve Seas Investment Company II Stock Down 0.1%

NASDAQ:TWLV traded down $0.01 during trading hours on Friday, hitting $9.97. 3,469 shares of the company were exchanged, compared to its average volume of 38,320. Twelve Seas Investment Company II has a one year low of $9.84 and a one year high of $10.38. The company has a fifty day simple moving average of $9.95 and a 200 day simple moving average of $10.08.

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

Twelve Seas Investment Company II Company Profile

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.