Longview Acquisition Corp. II (NYSE:LGV – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 49,000 shares, a growth of 197.0% from the April 30th total of 16,500 shares. Based on an average daily trading volume, of 175,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.
Several large investors have recently modified their holdings of the company. Omni Partners US LLC bought a new position in shares of Longview Acquisition Corp. II during the 3rd quarter valued at $5,504,000. Berkley W R Corp boosted its position in Longview Acquisition Corp. II by 65.2% during the 3rd quarter. Berkley W R Corp now owns 188,318 shares of the company’s stock valued at $1,862,000 after buying an additional 74,348 shares during the period. Fortress Investment Group LLC boosted its position in Longview Acquisition Corp. II by 241.8% during the 3rd quarter. Fortress Investment Group LLC now owns 312,806 shares of the company’s stock valued at $3,094,000 after buying an additional 221,282 shares during the period. Q Global Advisors LLC purchased a new stake in Longview Acquisition Corp. II during the 4th quarter valued at $1,574,000. Finally, Avenir Corp purchased a new stake in Longview Acquisition Corp. II during the 4th quarter valued at $153,000. 65.82% of the stock is currently owned by hedge funds and other institutional investors.
NYSE LGV traded up $0.01 on Friday, hitting $9.77. The stock had a trading volume of 2,412,251 shares, compared to its average volume of 275,494. Longview Acquisition Corp. II has a 52-week low of $9.68 and a 52-week high of $10.25. The firm has a 50-day moving average of $9.77 and a 200-day moving average of $9.79.
Longview Acquisition Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on businesses in the healthcare, industrials, consumer, media, technology, and technology services sector.
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