Thunder Bridge Acquisition II, Ltd. (NASDAQ:THBR) shares, rose in value on Thursday, Jan 14, with the stock price up by 3.45% to the previous day’s close as strong demand from buyers drove the stock to $13.48.

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Actively observing the price movement in the recent trading, the stock is buoying the session at $13.03, falling within a range of $12.95 and $13.65. The value of beta (5-year monthly) is 0 whereas the PE ratio is 224.66 over 12-month period. Referring to stock’s 52-week performance, its high was $14.94, and the low was $9.15. On the whole, THBR has fluctuated by 24.45% over the past month.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that THBR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

Data on historical trading for Thunder Bridge Acquisition II, Ltd. (NASDAQ:THBR) indicates that the trading volumes over the past 10 days have averaged 3.03 Million and over the past 3 months, they’ve averaged 1.54 Million. According to company’s latest data on outstanding shares, there are 34.5 Million shares outstanding.

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Nearly 0.29% of Thunder Bridge Acquisition II, Ltd.’s shares belong to company insiders and institutional investors own 82.71% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 394.1 Million shares as on December 30, 2020, resulting in a short ratio of 0.13. According to the data, the short interest in Thunder Bridge Acquisition II, Ltd. (THBR) stood at 0.91% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 9.06 Million. The stock has fallen by -1.44% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the THBR stock heading into the next quarter.

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