Artius II Acquisition Inc. (NASDAQ:AACB) Sees Large Drop in Short Interest

Artius II Acquisition Inc. (NASDAQ:AACB) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 704 shares, a decline of 61.0% from the July 15th total of 1,805 shares. Based on an average daily volume of 27,236 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Artius II Acquisition in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Artius II Acquisition presently has a consensus rating of “Sell”.

Artius II Acquisition Price Performance

NASDAQ:AACB opened at $10.58 on Friday. Artius II Acquisition has a 12-month low of $10.10 and a 12-month high of $10.60. The firm has a 50-day moving average price of $10.53 and a 200 day moving average price of $10.43.

Artius II Acquisition (NASDAQ:AACB) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.02 earnings per share for the quarter.

Institutional Trading of Artius II Acquisition

Several institutional investors have recently bought and sold shares of AACB. Sculptor Capital LP bought a new stake in Artius II Acquisition in the second quarter valued at $14,168,000. Hudson Bay Capital Management LP bought a new position in shares of Artius II Acquisition during the fourth quarter valued at $5,665,000. Moore Capital Management LP bought a new position in shares of Artius II Acquisition during the second quarter valued at $5,060,000. Verition Fund Management LLC boosted its stake in shares of Artius II Acquisition by 537.0% in the 4th quarter. Verition Fund Management LLC now owns 357,357 shares of the company’s stock valued at $3,681,000 after purchasing an additional 301,259 shares in the last quarter. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of Artius II Acquisition in the 2nd quarter valued at $2,712,000.

Artius II Acquisition Company Profile

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.