A SPAC II Acquisition Corp. (NASDAQ:ASCB) Short Interest Down 80.0% in July

A SPAC II Acquisition Corp. (NASDAQ:ASCB) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 1,300 shares, a decline of 80.0% from the July 15th total of 6,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On A SPAC II Acquisition

A number of hedge funds have recently bought and sold shares of ASCB. Cable Car Capital LLC purchased a new stake in shares of A SPAC II Acquisition during the fourth quarter worth approximately $272,000. Wolverine Asset Management LLC acquired a new position in A SPAC II Acquisition during the 2nd quarter worth approximately $561,000. Virtu Financial LLC increased its position in shares of A SPAC II Acquisition by 43.3% in the 2nd quarter. Virtu Financial LLC now owns 72,831 shares of the company’s stock valued at $818,000 after purchasing an additional 21,995 shares during the last quarter. Shaolin Capital Management LLC acquired a new stake in shares of A SPAC II Acquisition in the 1st quarter valued at $880,000. Finally, Berkley W R Corp lifted its position in shares of A SPAC II Acquisition by 69.9% during the 1st quarter. Berkley W R Corp now owns 203,937 shares of the company’s stock worth $2,417,000 after purchasing an additional 83,931 shares during the last quarter. Institutional investors and hedge funds own 95.62% of the company’s stock.

A SPAC II Acquisition Stock Up 3.0 %

Shares of NASDAQ ASCB traded up $0.33 during mid-day trading on Wednesday, hitting $11.50. The company had a trading volume of 2,439 shares, compared to its average volume of 15,051. A SPAC II Acquisition has a 1-year low of $10.60 and a 1-year high of $13.00. The business’s 50-day simple moving average is $11.29 and its 200 day simple moving average is $11.21.

About A SPAC II Acquisition

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.