Southern Cross Acquisition II Corp. (NASDAQ:SCAT) Stock Short Interest Report for October

Southern Cross Acquisition II Corp. (NASDAQ:SCAT) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 7,306 shares. Based on an average trading volume of 70,786 shares, the short-interest ratio is currently 0.1 days.

Southern Cross Acquisition II Stock Performance

SCAT stock traded down $0.01 during mid-day trading on Friday, reaching $9.90. 169,346 shares of the stock traded hands, compared to its average volume of 76,004. Southern Cross Acquisition II has a 52 week low of $9.85 and a 52 week high of $9.95.

Southern Cross Acquisition II Company Profile

Southern Cross Acquisition II is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol SCAT. The company was formed to raise capital through a public offering and use the proceeds, along with other available funds, to pursue a merger, acquisition, or similar business combination with an operating company.

Unlike an operating corporation, Southern Cross Acquisition II does not appear to have its own products, services, or substantial commercial operations. Its principal activity is identifying a suitable target business, conducting due diligence, and completing a transaction that would allow the target to become a publicly traded company.

Publicly available information about the company’s specific investment focus, geographic coverage, and leadership is limited.