Twelve Seas Investment Company II (NASDAQ:TWLVU) Sees Large Drop in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLVU) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 389 shares, a decline of 34.0% from the April 15th total of 589 shares. Based on an average daily trading volume, of 145 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On Twelve Seas Investment Company II

Large investors have recently bought and sold shares of the stock. Evercore Wealth Management LLC acquired a new position in Twelve Seas Investment Company II during the 4th quarter worth approximately $135,000. StoneX Group Inc. purchased a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at approximately $213,000. HRT Financial LP purchased a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at approximately $268,000. ABC Arbitrage SA purchased a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at approximately $398,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Twelve Seas Investment Company II in the 4th quarter valued at approximately $498,000.

Twelve Seas Investment Company II Stock Performance

TWLVU stock opened at $10.10 on Wednesday. The business’s fifty day moving average price is $10.10 and its 200 day moving average price is $10.27. Twelve Seas Investment Company II has a 12-month low of $9.95 and a 12-month high of $10.41.

About Twelve Seas Investment Company II

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.