Spartacus Acquisition Corp. II (NASDAQ:TMTS) Stock Short Interest Drops 46.0%

Spartacus Acquisition Corp. II (NASDAQ:TMTS) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 424 shares, a drop of 46.0% from the September 15th total of 785 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,154 shares, the days-to-cover ratio is currently 0.0 days.

Spartacus Acquisition Corp. II Stock Down 0.0%

TMTS stock traded down $0.00 during trading on Friday, hitting $10.00. 1,014,981 shares of the stock traded hands, compared to its average volume of 112,001. Spartacus Acquisition Corp. II has a one year low of $9.90 and a one year high of $10.45. The stock has a 50 day moving average of $10.05.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on Spartacus Acquisition Corp. II in a research note on Thursday, August 13th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Spartacus Acquisition Corp. II

Spartacus Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Rather than operating a traditional business, the company was established to pursue a merger, acquisition, stock exchange, or similar transaction.

As a blank-check company, Spartacus Acquisition Corp. II did not offer its own products or services and did not have an established operating geography. Its activities primarily involved evaluating potential merger targets, completing a business combination, and seeking shareholder approval for any proposed transaction.

The company’s securities traded on the Nasdaq under the symbol TMTS.