Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Sees Large Drop in Short Interest

Key Points

• Short interest in CCII fell sharply in June, dropping 43.3% to 1,900 shares as of June 30. The stock now has a very low short-interest ratio of 0.1 days.
• Analyst sentiment remains weak, with the current average rating at “Sell.” Recent reports included a Weiss Ratings downgrade and a Wall Street Zen upgrade to “Hold.”
• The stock traded near its recent range, slipping 0.5% to $10.34 on light volume, close to its 50-day moving average and near its 52-week low/high range.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,900 shares, a decrease of 43.3% from the June 15th total of 3,349 shares. Based on an average daily volume of 33,245 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

CCII has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of 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 upgraded Cohen Circle Acquisition Corp. II to a "hold" rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".

Cohen Circle Acquisition Corp. II Trading Down 0.5%

NASDAQ:CCII traded down $0.05 during trading hours on Thursday, hitting $10.34. 1,425 shares of the stock were exchanged, compared to its average volume of 63,166. The business's fifty day simple moving average is $10.29. Cohen Circle Acquisition Corp. II has a 52-week low of $10.07 and a 52-week high of $10.50.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.07 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mint Tower Capital Management B.V. acquired a new stake in Cohen Circle Acquisition Corp. II in the 4th quarter valued at about $4,096,000. Sona Asset Management US LLC acquired a new position in shares of Cohen Circle Acquisition Corp. II during the 1st quarter worth approximately $3,577,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at approximately $3,584,000. Magnetar Financial LLC purchased a new stake in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at approximately $3,072,000. Finally, Toronto Dominion Bank increased its holdings in shares of Cohen Circle Acquisition Corp. II by 58.1% in the fourth quarter. Toronto Dominion Bank now owns 711,673 shares of the company's stock valued at $7,288,000 after purchasing an additional 261,673 shares during the last 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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