Twelve Seas Investment Company II (NASDAQ:TWLV) Short Interest Down 72.3% in May

Twelve Seas Investment Company II (NASDAQ:TWLV) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 887 shares, a decline of 72.3% from the May 14th total of 3,202 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 16,341 shares, the days-to-cover ratio is currently 0.1 days.

Twelve Seas Investment Company II Trading Up 0.1%

Shares of NASDAQ:TWLV traded up $0.01 during trading on Thursday, hitting $9.99. The stock had a trading volume of 111,211 shares, compared to its average volume of 11,996. Twelve Seas Investment Company II has a 12-month low of $9.84 and a 12-month high of $10.38. The stock has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $10.08.

Twelve Seas Investment Company II (NASDAQ:TWLV) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.06 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Twelve Seas Investment Company II from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Twelve Seas Investment Company II Company Profile

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.