Twelve Seas Investment Company II (NASDAQ:TWLV) Sees Large Increase in Short Interest

Twelve Seas Investment Company II (NASDAQ:TWLV - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,100 shares, an increase of 37.5% from the March 15th total of 800 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's shares are short sold.

Twelve Seas Investment Company II Price Performance

NASDAQ:TWLV remained flat at $10.75 during midday trading on Friday. The company had a trading volume of 2 shares, compared to its average volume of 1,728. Twelve Seas Investment Company II has a 52 week low of $10.02 and a 52 week high of $11.85. The company's 50 day simple moving average is $10.76 and its 200-day simple moving average is $10.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TWLV. Clear Street LLC grew its stake in Twelve Seas Investment Company II by 871.3% in the fourth quarter. Clear Street LLC now owns 4,876 shares of the company's stock worth $51,000 after purchasing an additional 4,374 shares in the last quarter. Robinson Capital Management LLC bought a new position in Twelve Seas Investment Company II in the third quarter worth approximately $128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Twelve Seas Investment Company II in the first quarter worth approximately $488,000. Bank of Montreal Can bought a new position in Twelve Seas Investment Company II in the first quarter worth approximately $516,000. Finally, Kohlberg Kravis Roberts & Co. L.P. bought a new position in Twelve Seas Investment Company II in the first quarter worth approximately $517,000. Institutional investors own 7.89% of the company's stock.

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.