Northern Star Investment Corp. II (NYSE:NSTB) sees a significant drop in short-term interest


Northern Star Investment Corp. II (NYSE: NSTB – Get Rating) was the target of a significant drop in short interest in May. As of May 15, there was short interest totaling 20,000 shares, down 15.6% from April 30’s total of 23,700 shares. Based on an average trading volume of 113,000 shares, the day-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

NYSE NSTB shares opened at $9.79 on Wednesday. The company has a 50-day simple moving average of $9.80 and a two-hundred-day simple moving average of $9.76. Northern Star Investment Corp. It has a fifty-two week low of $9.38 and a fifty-two week high of $10.14.

Hedge funds and other institutional investors have recently changed their stakes in the company. Wolverine Asset Management LLC has acquired a new stake in Northern Star Investment Corp. II in the third quarter worth about $33,000. SkyView Investment Advisors LLC has acquired a new stake in the shares of Northern Star Investment Corp. II during the third quarter worth approximately $100,000. Penserra Capital Management LLC has increased its holdings of shares in Northern Star Investment Corp. II by 16.6% during the third quarter. Penserra Capital Management LLC now owns 10,943 shares of the company worth $108,000 after purchasing an additional 1,559 shares during the period. Cubist Systematic Strategies LLC has acquired a new stake in the shares of Northern Star Investment Corp. II during the fourth quarter worth approximately $187,000. Finally, Easterly Investment Partners LLC acquired a new stake in the shares of Northern Star Investment Corp. II during the third quarter worth approximately $199,000. 87.91% of the shares are held by institutional investors and hedge funds.

About Northern Star Investment Corp. II (Get a rating)

Northern Star Investment Corp. He does not carry out any important activities. The Company intends to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Northern Star Investment Corp. II was incorporated in 2020 and is based in New York, New York.

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