Archimedes Tech SPAC Partners III Co. Units (NASDAQ:ARCIU – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 441 shares, a decrease of 58.7% from the August 31st total of 1,068 shares. Based on an average daily volume of 720 shares, the days-to-cover ratio is presently 0.6 days.
Archimedes Tech SPAC Partners III Co. Units Stock Down 0.8%
NASDAQ ARCIU traded down $0.08 during trading on Tuesday, reaching $10.17. Archimedes Tech SPAC Partners III Co. Units has a 52 week low of $9.99 and a 52 week high of $10.66. The stock’s 50-day moving average price is $10.34 and its 200-day moving average price is $10.17.
Archimedes Tech SPAC Partners III Co. Units Company Profile
Archimedes Tech SPAC Partners III Co is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more businesses. The company does not have ongoing operating activities of its own and was established to raise capital through a public offering for a future acquisition.
The company is focused on pursuing a merger, stock purchase, asset acquisition, reorganization, or similar transaction with a target business, with an emphasis on opportunities in the technology sector.
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