Colombier Acquisition Corp. II (NYSE:CLBR) Shares Shorted: Short Interest Up 2,610.9% in October

Key Points

• Short interest surged 2,610.9% in October to 392,922 shares, representing 1.0% of outstanding shares and a days-to-cover ratio of 2.8.
• CLBR shares edged down 0.1% to $10.09, near the lower end of their 12-month range, while trading volume remained below average.
• Analyst sentiment remains negative: Colombier Acquisition Corp. II has a consensus “Sell” rating, despite one recent upgrade to “Hold.”

Colombier Acquisition Corp. II (NYSE:CLBR - Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 392,922 shares, an increase of 2,610.9% from the September 30th total of 14,494 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 138,593 shares, the days-to-cover ratio is presently 2.8 days.

Colombier Acquisition Corp. II Trading Down 0.1%

Colombier Acquisition Corp. II stock traded down $0.01 during mid-day trading on Monday, hitting $10.09. The company had a trading volume of 6,439 shares, compared to its average volume of 193,226. Colombier Acquisition Corp. II has a 12 month low of $10.01 and a 12 month high of $10.40. The stock's 50 day moving average price is $10.20 and its two-hundred day moving average price is $12.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CLBR shares. Weiss Ratings raised shares of Colombier Acquisition Corp. II from a "sell (e)" rating to a "sell (e+)" rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded shares of Colombier Acquisition Corp. II to a "hold" rating in a research report on Saturday, October 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Colombier Acquisition Corp. II has a consensus rating of "Sell".

About Colombier Acquisition Corp. II

Colombier Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. The company does not conduct significant operating activities of its own and has not established a broad portfolio of products or services.

Its principal objective is to raise capital through a public offering and use those proceeds, along with other available funding, to acquire or merge with a target business. Until a transaction is completed, Colombier Acquisition Corp.

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