Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Short Interest Down 61.4% in August

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 142 shares, a decline of 61.4% from the August 15th total of 368 shares. Based on an average daily trading volume, of 823 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Archimedes Tech SPAC Partners II

An institutional investor recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. grew its holdings in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,658 shares of the company’s stock after purchasing an additional 36,892 shares during the quarter. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 at the end of the most recent quarter.

Archimedes Tech SPAC Partners II Stock Performance

Shares of ATIIU traded up $0.11 during midday trading on Friday, hitting $11.41. 214 shares of the company’s stock traded hands, compared to its average volume of 4,425. Archimedes Tech SPAC Partners II has a 1 year low of $10.50 and a 1 year high of $50.99. The firm’s fifty day moving average is $11.43 and its 200-day moving average is $11.47.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATIIU) is a special purpose acquisition company (SPAC) that trades publicly on the Nasdaq. As a blank‑check vehicle, its principal purpose is to raise capital through a public offering and to use the proceeds to complete a business combination, such as a merger, share exchange, asset acquisition or other similar transaction that brings a private operating company public.

Consistent with its name, the SPAC is oriented toward identifying opportunities in technology and technology‑enabled sectors, offering an alternative route to the public markets for private companies in those areas.