Thunder Bridge Acquisition II (NASDAQ:SSPK) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 5,400 shares, a growth of 58.8% from the June 30th total of 3,400 shares. Based on an average trading volume of 115,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Thunder Bridge Acquisition II stock opened at $10.10 on Friday. The business’s fifty day moving average is $10.10. Thunder Bridge Acquisition II has a 52-week low of $9.51 and a 52-week high of $10.57.
In related news, major shareholder Polar Asset Management Partner acquired 50,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $9.88 per share, for a total transaction of $494,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Institutional investors have recently bought and sold shares of the stock. CSS LLC IL bought a new position in Thunder Bridge Acquisition II during the first quarter worth about $49,000. Paloma Partners Management Co acquired a new position in shares of Thunder Bridge Acquisition II during the 1st quarter worth approximately $1,033,000. Wolverine Asset Management LLC increased its holdings in shares of Thunder Bridge Acquisition II by 40.1% during the 1st quarter. Wolverine Asset Management LLC now owns 175,100 shares of the company’s stock worth $1,721,000 after acquiring an additional 50,100 shares during the last quarter. Radcliffe Capital Management L.P. acquired a new position in shares of Thunder Bridge Acquisition II during the 1st quarter worth approximately $1,899,000. Finally, Basso Capital Management L.P. increased its holdings in shares of Thunder Bridge Acquisition II by 585.1% during the 1st quarter. Basso Capital Management L.P. now owns 317,824 shares of the company’s stock worth $3,124,000 after acquiring an additional 271,435 shares during the last quarter. Institutional investors and hedge funds own 56.90% of the company’s stock.
About Thunder Bridge Acquisition II
Silver Spike Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses operating in the cannabis industry. Silver Spike Acquisition Corp.
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