Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) Short Interest Up 120.6% in August

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 45,537 shares, an increase of 120.6% from the July 30th total of 20,639 shares. Based on an average daily trading volume, of 9,965 shares, the short-interest ratio is presently 4.6 days.

Cohen Circle Acquisition Corp. II Price Performance

Shares of NASDAQ:CCIIW opened at $0.80 on Monday. The business has a 50-day moving average of $0.76 and a two-hundred day moving average of $0.71. Cohen Circle Acquisition Corp. II has a fifty-two week low of $0.51 and a fifty-two week high of $1.19.

Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DLD Asset Management LP acquired a new position in Cohen Circle Acquisition Corp. II in the 4th quarter valued at $26,000. Lineage Point Capital LP lifted its position in Cohen Circle Acquisition Corp. II by 167.4% during the 2nd quarter. Lineage Point Capital LP now owns 46,792 shares of the company’s stock worth $33,000 after acquiring an additional 29,292 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter valued at about $35,000. Weiss Asset Management LP acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at about $39,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at about $53,000.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to raise capital through the public markets for the purpose of effecting one or more business combinations. It is listed on the Nasdaq under the ticker CCIIW. As a blank?check company, it does not operate a conventional commercial business but instead focuses on identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, or similar business combination with a private company.

The company’s principal activities center on sourcing and evaluating potential target businesses, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for proposed deals.