Sizzle Acquisition Corp. II (NASDAQ:SZZL) Sees Large Growth in Short Interest

Sizzle Acquisition Corp. II (NASDAQ:SZZL) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 30,380 shares, a growth of 4,447.9% from the March 31st total of 668 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 289,997 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sizzle Acquisition Corp. II in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sizzle Acquisition Corp. II has an average rating of “Sell”.

Hedge Funds Weigh In On Sizzle Acquisition Corp. II

A number of hedge funds have recently added to or reduced their stakes in SZZL. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Sizzle Acquisition Corp. II in the second quarter worth approximately $17,588,000. Whitebox Advisors LLC acquired a new position in Sizzle Acquisition Corp. II in the second quarter worth approximately $6,532,000. Shaolin Capital Management LLC acquired a new position in Sizzle Acquisition Corp. II in the second quarter worth approximately $5,528,000. Picton Mahoney Asset Management acquired a new position in Sizzle Acquisition Corp. II in the third quarter worth approximately $5,041,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Sizzle Acquisition Corp. II in the second quarter worth approximately $4,827,000.

Sizzle Acquisition Corp. II Stock Performance

NASDAQ:SZZL remained flat at $10.30 during mid-day trading on Friday. The company had a trading volume of 59,097 shares, compared to its average volume of 72,146. The company has a fifty day moving average of $10.26 and a 200 day moving average of $10.21. Sizzle Acquisition Corp. II has a 12-month low of $9.21 and a 12-month high of $10.50.

Sizzle Acquisition Corp. II Company Profile

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.