Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 9,646 shares, an increase of 820.4% from the April 15th total of 1,048 shares. Based on an average daily volume of 91,718 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Berkley W R Corp boosted its stake in Cohen Circle Acquisition Corp. II by 0.9% during the fourth quarter. Berkley W R Corp now owns 525,621 shares of the company’s stock valued at $5,382,000 after buying an additional 4,709 shares during the period. DLD Asset Management LP boosted its stake in Cohen Circle Acquisition Corp. II by 6.7% during the fourth quarter. DLD Asset Management LP now owns 200,000 shares of the company’s stock valued at $2,048,000 after buying an additional 12,500 shares during the period. Bulldog Investors LLP bought a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter valued at $256,000. Governors Lane LP boosted its stake in Cohen Circle Acquisition Corp. II by 9.7% during the fourth quarter. Governors Lane LP now owns 329,018 shares of the company’s stock valued at $3,369,000 after buying an additional 29,018 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter valued at $344,000.
Analyst Ratings Changes
Several brokerages have weighed in on CCII. Weiss Ratings raised Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cohen Circle Acquisition Corp. II presently has a consensus rating of “Sell”.
Cohen Circle Acquisition Corp. II Price Performance
Shares of Cohen Circle Acquisition Corp. II stock traded up $0.02 during trading hours on Tuesday, reaching $10.23. The company had a trading volume of 7,434 shares, compared to its average volume of 73,193. Cohen Circle Acquisition Corp. II has a one year low of $10.07 and a one year high of $10.47. The business has a fifty day moving average price of $10.26.
Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.07 EPS for the quarter.
About Cohen Circle Acquisition Corp. II
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.
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