Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) Short Interest Down 39.3% in May

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 33,386 shares, a decrease of 39.3% from the May 14th total of 54,969 shares. Based on an average daily volume of 402,514 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. L1 Global Manager Pty Ltd acquired a new position in Archimedes Tech SPAC Partners II in the fourth quarter valued at about $2,072,000. Westchester Capital Management LLC boosted its holdings in Archimedes Tech SPAC Partners II by 0.8% during the 4th quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock valued at $9,398,000 after acquiring an additional 7,144 shares during the period. Meteora Capital LLC boosted its holdings in Archimedes Tech SPAC Partners II by 10.5% during the 4th quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock valued at $7,443,000 after acquiring an additional 68,533 shares during the period. Rivernorth Capital Management LLC boosted its holdings in Archimedes Tech SPAC Partners II by 25.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after acquiring an additional 90,000 shares during the period. Finally, Millennium Management LLC boosted its holdings in Archimedes Tech SPAC Partners II by 1.3% during the 4th quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock valued at $3,191,000 after acquiring an additional 4,020 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Price Performance

NASDAQ ATII remained flat at $10.98 during trading hours on Monday. 33,388 shares of the company’s stock were exchanged, compared to its average volume of 186,921. The stock has a fifty day moving average of $10.83. Archimedes Tech SPAC Partners II has a 52 week low of $10.12 and a 52 week high of $11.40.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last posted its earnings results on Thursday, May 14th. The company reported $0.06 EPS for the quarter.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.