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

Key Points

• Short interest fell 36.8% to 5,073 shares as of October 15, down from 8,025 shares on September 30; short interest represented approximately 0.0% of shares outstanding.
• Analyst sentiment remains negative overall: CCII has a consensus rating of “Sell,” although Wall Street Zen recently upgraded the stock to “Hold.”
• CCII shares slipped 0.1% to $10.33, trading within a relatively narrow 52-week range of $10.11 to $10.50. The SPAC also reported quarterly EPS of $0.06 and attracted new positions from several hedge funds.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,073 shares, a drop of 36.8% from the September 30th total of 8,025 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 242,185 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCII shares. Weiss Ratings raised shares of 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 report on Saturday, October 24th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of "Sell".

Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II

Hedge funds have recently bought and sold shares of the stock. Sona Asset Management US LLC bought a new position in shares of Cohen Circle Acquisition Corp. II in the 1st quarter worth $3,577,000. SkyView Investment Advisors LLC purchased a new position in Cohen Circle Acquisition Corp. II in the second quarter worth $515,000. Finally, Readystate Asset Management LP purchased a new position in Cohen Circle Acquisition Corp. II in the second quarter worth $259,000.

Cohen Circle Acquisition Corp. II Stock Down 0.1%

Shares of CCII traded down $0.01 during mid-day trading on Monday, reaching $10.33. 38,429 shares of the stock traded hands, compared to its average volume of 198,047. Cohen Circle Acquisition Corp. II has a 1 year low of $10.11 and a 1 year high of $10.50. The firm has a fifty day moving average price of $10.31 and a 200 day moving average price of $10.29.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter.

About Cohen Circle Acquisition Corp. II

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.