Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 16,170 shares, a growth of 271.2% from the May 14th total of 4,356 shares. Based on an average trading volume of 35,089 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are sold short.
Institutional Trading of Cohen Circle Acquisition Corp. II
Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at $3,584,000. Mint Tower Capital Management B.V. bought a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at $4,096,000. Alberta Investment Management Corp bought a new stake in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at $2,048,000. DLD Asset Management LP raised its position 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 valued at $2,048,000 after purchasing an additional 12,500 shares during the period. Finally, Rivernorth Capital Management LLC raised its position 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 valued at $1,085,000 after purchasing an additional 50,000 shares during the period.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on CCII. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a report on Saturday, May 9th. 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. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Cohen Circle Acquisition Corp. II Price Performance
Shares of NASDAQ:CCII traded down $0.02 during midday trading on Friday, hitting $10.30. The company had a trading volume of 1,293 shares, compared to its average volume of 66,461. Cohen Circle Acquisition Corp. II has a 12-month low of $10.07 and a 12-month high of $10.47. The business has a fifty day simple moving average of $10.26.
Cohen Circle Acquisition Corp. II (NASDAQ:CCII – Get Free Report) last posted its quarterly earnings data 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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