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

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 8,687 shares, a growth of 344.1% from the April 15th total of 1,956 shares. Based on an average trading volume of 502,613 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Institutional Trading of Archimedes Tech SPAC Partners II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its position in shares of Archimedes Tech SPAC Partners II by 1.3% in the fourth 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 last quarter. Rivernorth Capital Management LLC boosted its stake in shares of Archimedes Tech SPAC Partners II by 25.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after buying an additional 90,000 shares during the period. Westchester Capital Management LLC lifted its stake in Archimedes Tech SPAC Partners II by 0.8% during the fourth quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock worth $9,398,000 after purchasing an additional 7,144 shares during the last quarter. Meteora Capital LLC lifted its stake in Archimedes Tech SPAC Partners II by 10.5% during the fourth quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock worth $7,443,000 after purchasing an additional 68,533 shares during the last quarter. Finally, StoneX Group Inc. bought a new position in shares of Archimedes Tech SPAC Partners II in the 4th quarter valued at $524,000.

Archimedes Tech SPAC Partners II Stock Down 0.8%

Shares of Archimedes Tech SPAC Partners II stock opened at $10.76 on Wednesday. Archimedes Tech SPAC Partners II has a 12 month low of $10.05 and a 12 month high of $10.90. The business’s fifty day moving average is $10.51.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last posted its earnings results on Wednesday, March 4th. The company reported $0.07 earnings per share (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.