Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) Short Interest Update

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 55,932 shares, an increase of 142.9% from the July 30th total of 23,029 shares. Based on an average daily volume of 121,187 shares, the short-interest ratio is currently 0.5 days.

Archimedes Tech SPAC Partners II Price Performance

Shares of Archimedes Tech SPAC Partners II stock traded down $0.03 on Friday, reaching $10.64. The company had a trading volume of 141,903 shares, compared to its average volume of 185,785. The firm’s 50 day moving average price is $10.74 and its two-hundred day moving average price is $10.71. Archimedes Tech SPAC Partners II has a 52-week low of $10.19 and a 52-week high of $11.40.

Institutional Trading of Archimedes Tech SPAC Partners II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harraden Circle Investments LLC acquired a new position in Archimedes Tech SPAC Partners II during the second quarter worth $2,530,000. FNY Investment Advisers LLC purchased a new position in shares of Archimedes Tech SPAC Partners II during the second quarter worth $3,527,000. Readystate Asset Management LP grew its stake in shares of Archimedes Tech SPAC Partners II by 0.8% in the first quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock valued at $1,554,000 after buying an additional 1,200 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in shares of Archimedes Tech SPAC Partners II by 25.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after buying an additional 90,000 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Archimedes Tech SPAC Partners II by 1.3% in the 4th quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock valued at $3,191,000 after buying an additional 4,020 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners II Company Profile

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.