Artius II Acquisition Inc. (NASDAQ:AACB) Sees Significant Drop in Short Interest

Artius II Acquisition Inc. (NASDAQ:AACBGet Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,805 shares, a drop of 44.4% from the June 30th total of 3,244 shares. Based on an average daily trading volume, of 19,756 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Artius II Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Artius II Acquisition presently has a consensus rating of “Sell”.

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Artius II Acquisition Trading Down 0.2%

Artius II Acquisition stock opened at $10.53 on Thursday. Artius II Acquisition has a 12-month low of $10.10 and a 12-month high of $10.59. The business’s 50-day moving average price is $10.50 and its two-hundred day moving average price is $10.41.

Artius II Acquisition (NASDAQ:AACBGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter.

Institutional Trading of Artius II Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. ABC Arbitrage SA bought a new stake in shares of Artius II Acquisition during the fourth quarter worth $206,000. Verition Fund Management LLC acquired a new stake in shares of Artius II Acquisition during the 3rd quarter valued at $568,000. Meteora Capital LLC acquired a new stake in shares of Artius II Acquisition during the 4th quarter valued at $729,000. L1 Global Manager Pty Ltd bought a new stake in Artius II Acquisition during the 4th quarter worth $772,000. Finally, Quarry LP bought a new stake in Artius II Acquisition during the 4th quarter worth $1,138,000.

Artius II Acquisition Company Profile

(Get Free Report)

Artius II Acquisition Corp. (NASDAQ: AACB) is a blank‐check company formed in June 2020 by Artius Capital Partners. The firm’s sole purpose is to identify and complete a business combination through mergers, capital stock exchanges, asset acquisitions or similar transactions. It completed its initial public offering on the Nasdaq and its units, common shares and warrants trade under the AACB symbol.

The company is sponsored by Artius Capital Partners, a private equity and corporate finance firm based in New York with additional offices in London.

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