Short Interest in Silver Spike Acquisition Corp II (NASDAQ:SPKB) Rises By 365.4%

Silver Spike Acquisition Corp II (NASDAQ:SPKB) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 37,700 shares, an increase of 365.4% from the December 15th total of 8,100 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 6.5 days.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new stake in Silver Spike Acquisition Corp II in the 2nd quarter valued at about $49,000. Cohanzick Management LLC purchased a new stake in Silver Spike Acquisition Corp II in the 3rd quarter valued at about $54,000. CI Investments Inc. purchased a new stake in Silver Spike Acquisition Corp II in the 3rd quarter valued at about $167,000. Rivernorth Capital Management LLC purchased a new stake in Silver Spike Acquisition Corp II in the 3rd quarter valued at about $245,000. Finally, Athos Capital Ltd purchased a new stake in Silver Spike Acquisition Corp II in the 2nd quarter valued at about $293,000.

NASDAQ SPKB opened at $9.71 on Friday. Silver Spike Acquisition Corp II has a 52 week low of $9.61 and a 52 week high of $10.05. The business’s fifty day simple moving average is $9.76 and its 200-day simple moving average is $9.74.

About Silver Spike Acquisition Corp II

Silver Spike Acquisition Corp II is a blank check company that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, and similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.

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