The short stake in Northern Star Investment Corp. II (NYSE:NSTB) rises 310.5%


Northern Star Investment Corp. II (NYSE: NSTB – Get Rating) benefited from significant growth in short-term interest during the month of May. As of May 31, there were short interests totaling 82,100 shares, a growth of 310.5% from the May 15 total of 20,000 shares. Based on an average daily volume of 75,100 shares, the days-to-cover ratio is currently 1.1 days. About 0.2% of the stock’s shares are sold short.

Shares of NYSE:NSTB traded at $0.01 in Friday’s midday session, hitting $9.82. The stock recorded trading volume of 8,196 shares, compared to an average trading volume of 45,934 shares. The company’s 50-day moving average price is $9.80 and its 200-day moving average price is $9.76. Northern Star Investment Corp. It has a 1-year low of $9.38 and a 1-year high of $10.14.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC has increased its holdings of shares in Northern Star Investment Corp. II by 16.6% in the third quarter. Penserra Capital Management LLC now owns 10,943 shares of the company valued at $108,000 after purchasing an additional 1,559 shares last quarter. SkyView Investment Advisors LLC has purchased a new stake in the shares of Northern Star Investment Corp. II in the 3rd quarter for a value of approximately $100,000. Cubist Systematic Strategies LLC has purchased a new stake in shares of Northern Star Investment Corp. II during the 4th quarter, valued at approximately $187,000. Wolverine Asset Management LLC has increased its holdings of shares in Northern Star Investment Corp. II of 579.4% in the 4th quarter. Wolverine Asset Management LLC now owns 23,106 shares of the company valued at $224,000 after acquiring 19,705 additional shares in the last quarter. Finally, Easterly Investment Partners LLC bought a new position in Northern Star Investment Corp. II in the third quarter worth about $199,000. Hedge funds and other institutional investors hold 87.91% of the company’s shares.

Company Profile 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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