Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) Short Interest Update

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 24,843 shares, a drop of 47.6% from the August 31st total of 47,452 shares. Based on an average daily trading volume, of 149,379 shares, the days-to-cover ratio is presently 0.2 days.

Archimedes Tech SPAC Partners II Price Performance

Shares of NASDAQ:ATII opened at $10.68 on Thursday. The stock has a 50 day moving average price of $10.67 and a 200-day moving average price of $10.73. Archimedes Tech SPAC Partners II has a 52-week low of $10.24 and a 52-week high of $11.40.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Archimedes Tech SPAC Partners II presently has an average rating of “Sell”.

Hedge Funds Weigh In On Archimedes Tech SPAC Partners II

A number of institutional investors have recently added to or reduced their stakes in ATII. SkyView Investment Advisors LLC purchased a new position in Archimedes Tech SPAC Partners II during the 2nd quarter valued at about $1,967,000. Citadel Advisors LLC grew its holdings in Archimedes Tech SPAC Partners II by 2,311.7% in the second quarter. Citadel Advisors LLC now owns 250,266 shares of the company’s stock worth $2,698,000 after purchasing an additional 239,889 shares during the period. Harraden Circle Investments LLC bought a new position in shares of Archimedes Tech SPAC Partners II during the second quarter valued at approximately $2,530,000. FNY Investment Advisers LLC bought a new position in shares of Archimedes Tech SPAC Partners II during the second quarter valued at approximately $3,527,000. Finally, Readystate Asset Management LP lifted its holdings in shares of Archimedes Tech SPAC Partners II by 0.8% during the first quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock valued at $1,554,000 after purchasing an additional 1,200 shares during the last quarter.

Archimedes Tech SPAC Partners II Company Profile

Archimedes Tech SPAC Partners II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. The company does not operate a traditional business and does not manufacture products or provide services to customers.

Its primary purpose is to raise capital through a public offering and use the proceeds, together with other financing sources, to pursue a merger, acquisition, share exchange, or similar transaction.