Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Shares Shorted: Short Interest Down 39.5% in September

Key Points

• Short interest fell 39.5% to 8,025 shares as of September 30, down from 13,258 shares two weeks earlier. Short interest represented 0.0% of shares outstanding, with a 0.1-day short-interest ratio.
• Several institutional investors established or increased positions, including Sona Asset Management, Governors Lane, SkyView Investment Advisors, Readystate Asset Management, and Lineage Point Capital.
• CCII shares were largely unchanged at $10.29, while the company reported quarterly earnings of $0.06 per share. Weiss Ratings upgraded the stock from “sell (d-)” to “sell (d),” but the overall analyst rating remained “Sell.”

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 8,025 shares, a drop of 39.5% from the September 15th total of 13,258 shares. Based on an average daily volume of 112,701 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Institutional Trading of Cohen Circle Acquisition Corp. II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Readystate Asset Management LP purchased a new stake in shares of Cohen Circle Acquisition Corp. II in the second quarter worth approximately $259,000. SkyView Investment Advisors LLC bought a new position in shares of Cohen Circle Acquisition Corp. II in the second quarter valued at approximately $515,000. Lineage Point Capital LP bought a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at approximately $717,000. Governors Lane LP boosted its position in shares of Cohen Circle Acquisition Corp. II by 9.7% during the fourth quarter. Governors Lane LP now owns 329,018 shares of the company's stock valued at $3,369,000 after buying an additional 29,018 shares during the last quarter. Finally, Sona Asset Management US LLC purchased a new position in shares of Cohen Circle Acquisition Corp. II during the first quarter valued at approximately $3,577,000.

Cohen Circle Acquisition Corp. II Stock Up 0.0%

Shares of NASDAQ CCII traded up $0.01 during mid-day trading on Friday, reaching $10.29. 1,419,507 shares of the company's stock traded hands, compared to its average volume of 123,725. The business has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.30. Cohen Circle Acquisition Corp. II has a 1-year low of $10.11 and a 1-year high of $10.50.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Cohen Circle Acquisition Corp. II from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of "Sell".

Cohen Circle Acquisition Corp. II Company Profile

Cohen Circle Acquisition Corp. II is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination with one or more private businesses. The company does not operate a traditional commercial business and does not currently offer products or services to customers.

The company's objective is to identify, acquire, or combine with a target company through a merger, stock purchase, or similar transaction. Its search may include businesses in financial services, financial technology, asset management, business services, and related industries, although the ultimate target and transaction terms depend on the company's ongoing evaluation process.

Until a business combination is completed, Cohen Circle Acquisition Corp.

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