Twelve Seas Investment Company II (NASDAQ:TWLVU) Short Interest Down 34.0% in April

Twelve Seas Investment Company II (NASDAQ:TWLVU) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 389 shares, a drop of 34.0% from the April 15th total of 589 shares. Based on an average trading volume of 145 shares, the days-to-cover ratio is presently 2.7 days.

Twelve Seas Investment Company II Stock Performance

Shares of NASDAQ TWLVU opened at $10.10 on Monday. Twelve Seas Investment Company II has a one year low of $9.95 and a one year high of $10.41. The business has a 50-day moving average price of $10.10 and a two-hundred day moving average price of $10.28.

Institutional Investors Weigh In On Twelve Seas Investment Company II

Institutional investors have recently made changes to their positions in the company. Wealthspring Capital LLC acquired a new stake in shares of Twelve Seas Investment Company II during the 4th quarter valued at about $2,255,000. Wolverine Asset Management LLC acquired a new stake in shares of Twelve Seas Investment Company II during the 4th quarter valued at about $1,481,000. ABC Arbitrage SA acquired a new stake in shares of Twelve Seas Investment Company II during the 4th quarter valued at about $398,000. Crossingbridge Advisors LLC acquired a new stake in shares of Twelve Seas Investment Company II during the 4th quarter valued at about $1,492,000. Finally, HRT Financial LP acquired a new stake in shares of Twelve Seas Investment Company II during the 4th quarter valued at about $268,000.

About Twelve Seas Investment Company II

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.