Short Interest in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) Increases By 142.9%

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 55,932 shares, an increase of 142.9% from the July 30th total of 23,029 shares. Based on an average trading volume of 121,187 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Price Performance

ATII stock remained flat at $10.67 during mid-day trading on Friday. 316,900 shares of the company’s stock were exchanged, compared to its average volume of 187,000. Archimedes Tech SPAC Partners II has a fifty-two week low of $10.19 and a fifty-two week high of $11.40. The company has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $10.71.

Hedge Funds Weigh In On Archimedes Tech SPAC Partners II

Several hedge funds have recently added to or reduced their stakes in ATII. Harraden Circle Investments LLC purchased a new stake in Archimedes Tech SPAC Partners II in the 2nd quarter worth about $2,530,000. FNY Investment Advisers LLC bought a new position in shares of Archimedes Tech SPAC Partners II during the second quarter valued at approximately $3,527,000. Readystate Asset Management LP raised its holdings in shares of Archimedes Tech SPAC Partners II by 0.8% in the first quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock worth $1,554,000 after buying an additional 1,200 shares during the period. Rivernorth Capital Management LLC raised its holdings in shares of Archimedes Tech SPAC Partners II by 25.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock worth $4,639,000 after buying an additional 90,000 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Archimedes Tech SPAC Partners II by 1.3% during the 4th quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock worth $3,191,000 after acquiring an additional 4,020 shares during the last quarter.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.