Artius II Acquisition Inc. (NASDAQ:AACB) Short Interest Update

Artius II Acquisition Inc. (NASDAQ:AACB) saw a large decrease in short interest in 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 trading volume, of 19,756 shares, the days-to-cover ratio is presently 0.1 days.

Artius II Acquisition Trading Up 0.1%

AACB stock traded up $0.01 on Wednesday, reaching $10.56. 106 shares of the company were exchanged, 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 stock’s fifty day moving average price is $10.50 and its 200 day moving average price is $10.41.

Artius II Acquisition (NASDAQ:AACB) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sona Asset Management US LLC bought a new position in Artius II Acquisition during the 1st quarter valued at about $1,788,000. Toronto Dominion Bank raised its position in Artius II Acquisition by 144.6% in the 4th quarter. Toronto Dominion Bank now owns 366,938 shares of the company’s stock valued at $3,779,000 after purchasing an additional 216,938 shares during the last quarter. Meteora Capital LLC bought a new position in Artius II Acquisition in the 4th quarter valued at $729,000. Fort Baker Capital Management LP acquired a new position in Artius II Acquisition during the 4th quarter worth about $2,140,000. Finally, Radcliffe Capital Management L.P. increased its position in Artius II Acquisition by 2.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 667,119 shares of the company’s stock valued at $6,871,000 after acquiring an additional 17,119 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

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.