Short Interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Decreases By 54.8%

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 4,356 shares, a decrease of 54.8% from the April 30th total of 9,646 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 81,617 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $346,000. Alberta Investment Management Corp purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $2,048,000. Rivernorth Capital Management LLC boosted its stake in shares of Cohen Circle Acquisition Corp. II by 89.3% during the 4th quarter. Rivernorth Capital Management LLC now owns 106,000 shares of the company’s stock worth $1,085,000 after acquiring an additional 50,000 shares in the last quarter. DLD Asset Management LP boosted its stake in shares of Cohen Circle Acquisition Corp. II by 6.7% during the 4th quarter. DLD Asset Management LP now owns 200,000 shares of the company’s stock worth $2,048,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Bulldog Investors LLP purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $256,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CCII shares. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a research note on Saturday, May 9th. 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. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Cohen Circle Acquisition Corp. II Stock Performance

Shares of CCII traded up $0.02 during midday trading on Tuesday, hitting $10.30. The company had a trading volume of 24,596 shares, compared to its average volume of 69,691. Cohen Circle Acquisition Corp. II has a 1 year low of $10.07 and a 1 year high of $10.47. The company has a 50-day moving average price of $10.25.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.07 earnings per share for the 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.