Twelve Seas Investment Company II (NASDAQ:TWLV) Short Interest Up 108.3% in July

Twelve Seas Investment Company II (NASDAQ:TWLV) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,485 shares, an increase of 108.3% from the June 30th total of 713 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,582 shares, the days-to-cover ratio is presently 0.2 days.

Twelve Seas Investment Company II Price Performance

Shares of NASDAQ TWLV opened at $10.01 on Friday. Twelve Seas Investment Company II has a 1 year low of $9.84 and a 1 year high of $10.38. The firm has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $9.94. The company has a market cap of $234.63 million and a P/E ratio of 166.83.

Twelve Seas Investment Company II (NASDAQ:TWLV) last released its earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Twelve Seas Investment Company II from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Twelve Seas Investment Company II

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.