Collective Acquisition Corp. II (NASDAQ:CAII – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 11,172 shares, a growth of 206.2% from the September 30th total of 3,649 shares. Based on an average daily volume of 17,538 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.
Collective Acquisition Corp. II Stock Performance
NASDAQ:CAII opened at $10.02 on Thursday. Collective Acquisition Corp. II has a fifty-two week low of $9.90 and a fifty-two week high of $10.02. The firm’s fifty day moving average is $10.00.
Analyst Ratings Changes
A number of research firms recently commented on CAII. Weiss Ratings initiated coverage on Collective Acquisition Corp. II in a research report on Wednesday, September 16th. They issued a “sell (e)” rating on the stock. Wall Street Zen upgraded Collective Acquisition Corp. II to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Read Our Latest Research Report on Collective Acquisition Corp. II
Collective Acquisition Corp. II Company Profile
Collective Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more privately held companies. Its potential transactions may include a merger, acquisition, share exchange, reorganization or similar corporate combination.
As a blank-check company, Collective Acquisition Corp. II does not operate a conventional commercial business and does not currently offer products or services to customers. Its primary activity is evaluating prospective target businesses and pursuing a transaction intended to create a publicly traded operating company.
The company’s focus, geographic reach and future operating activities depend on the business it ultimately selects for a combination.
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