Spartacus Acquisition Corp. II (NASDAQ:TMTS) Sees Significant Increase in Short Interest

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

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Spartacus Acquisition Corp. II in a report on Thursday, August 13th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Spartacus Acquisition Corp. II Price Performance

Spartacus Acquisition Corp. II stock opened at $10.02 on Wednesday. The business’s 50-day moving average price is $10.03. Spartacus Acquisition Corp. II has a one year low of $9.90 and a one year high of $10.45.

Spartacus Acquisition Corp. II Company Profile

Spartacus Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar corporate combination. As a blank-check company, Spartacus Acquisition Corp. II does not operate a traditional commercial business and does not offer products or services of its own. Its activities are focused primarily on evaluating potential target companies and pursuing an appropriate transaction.