Short Interest in Twelve Seas Investment Company II (NASDAQ:TWLVU) Drops By 50.6%

Twelve Seas Investment Company II (NASDAQ:TWLVU) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 192 shares, a drop of 50.6% from the April 30th total of 389 shares. Based on an average trading volume of 45 shares, the short-interest ratio is presently 4.3 days.

Twelve Seas Investment Company II Stock Performance

Shares of Twelve Seas Investment Company II stock remained flat at $10.10 during trading on Wednesday. Twelve Seas Investment Company II has a 1-year low of $9.95 and a 1-year high of $10.41. The firm’s 50 day simple moving average is $10.10 and its 200 day simple moving average is $10.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Evercore Wealth Management LLC purchased a new position in shares of Twelve Seas Investment Company II in the 4th quarter worth approximately $135,000. StoneX Group Inc. bought a new position in shares of Twelve Seas Investment Company II during the fourth quarter valued at approximately $213,000. HRT Financial LP bought a new stake in Twelve Seas Investment Company II during the 4th quarter valued at $268,000. ABC Arbitrage SA purchased a new position in Twelve Seas Investment Company II in the fourth quarter valued at about $398,000. Finally, Toronto Dominion Bank purchased a new stake in Twelve Seas Investment Company II during the fourth quarter valued at approximately $498,000.

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.