Short Interest in Thunder Bridge Acquisition II (NASDAQ:SSPK) Grows By 58.8%
Thunder Bridge Acquisition II (NASDAQ:SSPK) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 5,400 shares, a growth of 58.8% from the June 30th total of 3,400 shares. Based on an average trading volume of 115,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
In other news, major shareholder Polar Asset Management Partner bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $9.88 per share, with a total value of $494,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Large investors have recently added to or reduced their stakes in the stock. CSS LLC IL bought a new position in shares of Thunder Bridge Acquisition II in the first quarter valued at $49,000. Paloma Partners Management Co bought a new position in shares of Thunder Bridge Acquisition II in the first quarter valued at $1,033,000. Wolverine Asset Management LLC grew its stake in shares of Thunder Bridge Acquisition II by 40.1% in the first quarter. Wolverine Asset Management LLC now owns 175,100 shares of the company’s stock valued at $1,721,000 after buying an additional 50,100 shares in the last quarter. Radcliffe Capital Management L.P. bought a new position in shares of Thunder Bridge Acquisition II in the first quarter valued at $1,899,000. Finally, Basso Capital Management L.P. lifted its holdings in Thunder Bridge Acquisition II by 585.1% during the 1st quarter. Basso Capital Management L.P. now owns 317,824 shares of the company’s stock valued at $3,124,000 after purchasing an additional 271,435 shares during the last quarter. 56.90% of the stock is owned by institutional investors and hedge funds.
About Thunder Bridge Acquisition II
Silver Spike Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses operating in the cannabis industry. Silver Spike Acquisition Corp.
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