Spartacus Acquisition Corp. II (NASDAQ:TMTS) Stock Short Interest Report for October

Spartacus Acquisition Corp. II (NASDAQ:TMTS) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 6,763 shares, an increase of 650.6% from the October 15th total of 901 shares. Based on an average daily trading volume, of 271,082 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Spartacus Acquisition Corp. II Stock Down 0.1%

Shares of NASDAQ TMTS opened at $10.02 on Friday. The firm’s 50-day simple moving average is $10.03. Spartacus Acquisition Corp. II has a 1 year low of $9.90 and a 1 year high of $10.45.

Spartacus Acquisition Corp. II (NASDAQ:TMTS) last posted its earnings results on Thursday, November 12th. The company reported $0.06 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Spartacus Acquisition Corp. II in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Spartacus Acquisition Corp. II Company Profile

Spartacus Acquisition Corp. II was a special purpose acquisition company, or SPAC, formed to pursue a merger, acquisition or similar business combination. It did not operate a separate business or offer products and services of its own. The company agreed to combine with NextNav, a provider of positioning, navigation and timing technology designed to complement GPS, including solutions for determining locations indoors and in three dimensions. The business combination was completed in 2021, and the combined company began operating as NextNav Inc.