Tailwind Two Acquisition Corp. (NYSE:TWNT) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 259,000 shares, an increase of 4,145.9% from the September 15th total of 6,100 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 8.2 days.
A hedge fund recently bought a new stake in Tailwind Two Acquisition stock. Ancora Advisors LLC purchased a new position in Tailwind Two Acquisition Corp. (NYSE:TWNT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $241,000. Ancora Advisors LLC owned approximately 0.06% of Tailwind Two Acquisition at the end of the most recent reporting period. 43.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TWNT stock opened at $9.73 on Thursday. Tailwind Two Acquisition has a 12 month low of $9.62 and a 12 month high of $9.99. The firm’s fifty day simple moving average is $9.71.
Tailwind Two Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.
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