Short Interest in Artius II Acquisition Inc. (NASDAQ:AACB) Drops By 44.4%

Artius II Acquisition Inc. (NASDAQ:AACB) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,805 shares, a decrease of 44.4% from the June 30th total of 3,244 shares. Based on an average daily volume of 19,756 shares, the days-to-cover ratio is presently 0.1 days.

Artius II Acquisition Stock Up 0.1%

Shares of NASDAQ:AACB traded up $0.01 during midday trading on Wednesday, hitting $10.56. The company had a trading volume of 106 shares, compared to its average volume of 26,595. Artius II Acquisition has a 12 month low of $10.10 and a 12 month high of $10.59. The firm has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $10.41.

Artius II Acquisition (NASDAQ:AACB) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Artius II Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Radcliffe Capital Management L.P. lifted its holdings in shares of Artius II Acquisition by 2.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock valued at $6,871,000 after purchasing an additional 17,119 shares in the last quarter. Periscope Capital Inc. grew its position in shares of Artius II Acquisition by 4.0% in the 4th quarter. Periscope Capital Inc. now owns 450,000 shares of the company’s stock valued at $4,635,000 after purchasing an additional 17,200 shares during the period. ABC Arbitrage SA bought a new stake in Artius II Acquisition during the 4th quarter worth approximately $206,000. Verition Fund Management LLC bought a new stake in Artius II Acquisition during the 3rd quarter worth approximately $568,000. Finally, Meteora Capital LLC acquired a new stake in Artius II Acquisition during the 4th quarter worth approximately $729,000.

About Artius II Acquisition

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.