Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) Short Interest Up 552.3% in May

Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 424 shares, a growth of 552.3% from the May 14th total of 65 shares. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is presently 0.1 days.

Archimedes Tech SPAC Partners II Trading Down 0.8%

Shares of Archimedes Tech SPAC Partners II stock opened at $12.00 on Wednesday. The stock has a 50 day moving average price of $11.66. Archimedes Tech SPAC Partners II has a 52-week low of $10.16 and a 52-week high of $50.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Archimedes Tech SPAC Partners II stock. Clear Street Group Inc. increased its position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATIIU) by 97.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,658 shares of the company’s stock after acquiring an additional 36,892 shares during the quarter. Clear Street Group Inc.’s holdings in Archimedes Tech SPAC Partners II were worth $784,000 as of its most recent SEC filing.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATIIU) is a special purpose acquisition company (SPAC) that trades publicly on the Nasdaq. As a blank‑check vehicle, its principal purpose is to raise capital through a public offering and to use the proceeds to complete a business combination, such as a merger, share exchange, asset acquisition or other similar transaction that brings a private operating company public.

Consistent with its name, the SPAC is oriented toward identifying opportunities in technology and technology‑enabled sectors, offering an alternative route to the public markets for private companies in those areas.