Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 424 shares, a decline of 37.5% from the June 30th total of 678 shares. Based on an average daily volume of 125 shares, the days-to-cover ratio is currently 3.4 days.
Cohen Circle Acquisition Corp. II Stock Performance
CCIIU stock remained flat at $10.57 during midday trading on Friday. Cohen Circle Acquisition Corp. II has a 12 month low of $10.19 and a 12 month high of $12.59. The business’s fifty day moving average is $10.52.
Institutional Trading of Cohen Circle Acquisition Corp. II
Large investors have recently modified their holdings of the company. Clear Street Group Inc. lifted its position in Cohen Circle Acquisition Corp. II by 254.9% during the 4th quarter. Clear Street Group Inc. now owns 561,740 shares of the company’s stock worth $5,859,000 after acquiring an additional 403,466 shares during the last quarter. Stoic Point Capital Management LLC bought a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter worth about $261,000. Finally, Toronto Dominion Bank bought a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter worth about $159,000.
Cohen Circle Acquisition Corp. II Company Profile
Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank‑check company. Like other SPACs, it was formed to raise capital in the public markets for the purpose of identifying, negotiating and completing a business combination with one or more operating companies. Until a business combination is completed, the SPAC itself typically has no operating business beyond managing the proceeds of its offering and pursuing acquisition opportunities.
The company’s primary activities center on sourcing and evaluating potential target businesses, structuring and negotiating a merger or similar transaction, and completing the regulatory and shareholder approval processes required to effect a closing.
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