Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Short Interest Update

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,349 shares, a drop of 79.3% from the May 31st total of 16,170 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 43,249 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCII. Weiss Ratings raised Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Cohen Circle Acquisition Corp. II to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Cohen Circle Acquisition Corp. II Stock Performance

NASDAQ CCII remained flat at $10.34 on Monday. 106,012 shares of the company were exchanged, compared to its average volume of 64,006. The stock’s fifty day moving average price is $10.27. Cohen Circle Acquisition Corp. II has a 12-month low of $10.07 and a 12-month high of $10.50.

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

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

Several hedge funds have recently modified their holdings of the stock. Mint Tower Capital Management B.V. acquired a new position in Cohen Circle Acquisition Corp. II during the fourth quarter valued at approximately $4,096,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $3,584,000. Sona Asset Management US LLC bought a new stake in shares of Cohen Circle Acquisition Corp. II during the 1st quarter worth approximately $3,577,000. Magnetar Financial LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at approximately $3,072,000. Finally, Toronto Dominion Bank grew its stake in shares of Cohen Circle Acquisition Corp. II by 58.1% in the fourth quarter. Toronto Dominion Bank now owns 711,673 shares of the company’s stock valued at $7,288,000 after buying an additional 261,673 shares in the last quarter.

Cohen Circle Acquisition Corp. II Company Profile

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.