Short Interest in Leo Holdings Corp. II (NYSE:LHC) Drops By 72.1%

Leo Holdings Corp. II (NYSE:LHC) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 3,900 shares, a decrease of 72.1% from the December 15th total of 14,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NYSE LHC remained flat at $$9.74 during trading hours on Friday. The stock had a trading volume of 150,643 shares, compared to its average volume of 71,182. Leo Holdings Corp. II has a 12 month low of $9.50 and a 12 month high of $10.54. The firm’s fifty day moving average price is $9.77 and its 200 day moving average price is $9.73.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new stake in Leo Holdings Corp. II in the 2nd quarter valued at $193,000. Wolverine Trading LLC bought a new position in Leo Holdings Corp. II during the 2nd quarter worth $335,000. Dark Forest Capital Management LP bought a new position in Leo Holdings Corp. II during the 3rd quarter worth $434,000. Weiss Asset Management LP increased its position in Leo Holdings Corp. II by 7.4% during the 3rd quarter. Weiss Asset Management LP now owns 724,253 shares of the company’s stock worth $7,054,000 after buying an additional 50,000 shares during the period. Finally, Balyasny Asset Management LLC increased its position in Leo Holdings Corp. II by 41.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 535,287 shares of the company’s stock worth $5,200,000 after buying an additional 156,500 shares during the period. Institutional investors and hedge funds own 59.94% of the company’s stock.

Leo Holdings Corp. II Company Profile

Leo Holdings Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Nassau, the Bahamas.

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