Short Interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Rises By 820.4%

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 9,646 shares, an increase of 820.4% from the April 15th total of 1,048 shares. Based on an average daily trading volume, of 91,718 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Cohen Circle Acquisition Corp. II Stock Performance

NASDAQ CCII opened at $10.23 on Thursday. The business’s fifty day moving average is $10.26. Cohen Circle Acquisition Corp. II has a 52 week low of $10.07 and a 52 week high of $10.47.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.07 EPS for the quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Cohen Circle Acquisition Corp. II to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Cohen Circle Acquisition Corp. II presently has a consensus rating of “Sell”.

Institutional Trading of Cohen Circle Acquisition Corp. II

Several large investors have recently modified their holdings of the business. Bulldog Investors LLP acquired a new position in Cohen Circle Acquisition Corp. II in the 4th quarter valued at about $256,000. Alyeska Investment Group L.P. purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at $344,000. Virtu Financial LLC acquired a new position in Cohen Circle Acquisition Corp. II in the fourth quarter valued at $346,000. L1 Global Manager Pty Ltd acquired a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter worth about $512,000. Finally, Lineage Point Capital LP acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $717,000.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company (SPAC) that is publicly listed on the Nasdaq stock exchange. As a blank?check vehicle, its primary role is to raise capital from public-market investors and use those proceeds to complete a business combination with one or more operating companies. The company structure is intended to provide a faster and potentially more cost?effective route for private businesses to access public markets through a merger or similar transaction.

The firm’s principal activities center on identifying, negotiating and executing a qualifying business combination, which can take the form of a merger, asset acquisition, stock purchase, reorganization or other strategic transaction.