Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5,073 shares, a decrease of 36.8% from the September 30th total of 8,025 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 242,185 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II
Several institutional investors have recently bought and sold shares of CCII. Sona Asset Management US LLC purchased a new position in Cohen Circle Acquisition Corp. II in the 1st quarter worth approximately $3,577,000. SkyView Investment Advisors LLC bought a new stake in Cohen Circle Acquisition Corp. II in the second quarter valued at approximately $515,000. Finally, Readystate Asset Management LP purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the second quarter valued at approximately $259,000.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Weiss Ratings raised Cohen Circle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a research note on Saturday, October 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Cohen Circle Acquisition Corp. II
Cohen Circle Acquisition Corp. II Stock Performance
Cohen Circle Acquisition Corp. II stock traded down $0.01 during mid-day trading on Monday, hitting $10.33. The company’s stock had a trading volume of 38,429 shares, compared to its average volume of 198,047. The business has a 50 day moving average price of $10.31 and a 200-day moving average price of $10.29. Cohen Circle Acquisition Corp. II has a 12 month low of $10.11 and a 12 month high of $10.50.
Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter.
Cohen Circle Acquisition Corp. II Company Profile
Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more private businesses, which may include a merger, acquisition, share exchange, or similar transaction.
As a SPAC, Cohen Circle Acquisition Corp. II does not currently operate a commercial business or offer products and services of its own. Its principal activities involve evaluating potential target companies, conducting due diligence, and seeking approval for a proposed transaction.
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