Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 20,652 shares, a growth of 133.7% from the June 30th total of 8,837 shares. Based on an average daily volume of 7,121 shares, the days-to-cover ratio is currently 2.9 days.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. DLD Asset Management LP bought a new position in Cohen Circle Acquisition Corp. II in the fourth quarter valued at approximately $26,000. Alberta Investment Management Corp acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at approximately $35,000. Weiss Asset Management LP bought a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at $39,000. Magnetar Financial LLC acquired a new position in Cohen Circle Acquisition Corp. II during the fourth quarter worth $53,000. Finally, Mint Tower Capital Management B.V. bought a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter worth $70,000.
Cohen Circle Acquisition Corp. II Stock Up 0.1%
Shares of CCIIW traded up $0.00 during mid-day trading on Thursday, hitting $0.72. 372 shares of the company’s stock were exchanged, compared to its average volume of 18,690. The stock has a 50-day moving average of $0.76. Cohen Circle Acquisition Corp. II has a 52 week low of $0.51 and a 52 week high of $1.19.
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.
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