Short Interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Increases By 664.2%

Key Points

• Short interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) jumped 664.2% in July, rising to 14,520 shares from 1,900 shares at the end of June. Despite the spike, the stock still has a very low days-to-cover ratio of 0.4.
• Analyst sentiment remains weak, with MarketBeat showing an average rating of “Sell.” Recent updates included a hold upgrade from Wall Street Zen and a slight rating improvement from Weiss Ratings, but no bullish consensus emerged.
• CCII traded near its narrow price range, opening at $10.32 with a 50-day moving average of $10.31 and a 12-month range of $10.07 to $10.50. The company also reported quarterly earnings of $0.07 per share in its last results.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 14,520 shares, a growth of 664.2% from the June 30th total of 1,900 shares. Based on an average daily volume of 36,227 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCII shares. Wall Street Zen upgraded shares of Cohen Circle Acquisition Corp. II to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Cohen Circle Acquisition Corp. II from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Cohen Circle Acquisition Corp. II has an average rating of "Sell".

Cohen Circle Acquisition Corp. II Stock Down 0.2%

Shares of CCII stock opened at $10.32 on Friday. The stock's 50 day simple moving average is $10.31. Cohen Circle Acquisition Corp. II has a 12-month low of $10.07 and a 12-month high of $10.50.

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

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at about $3,584,000. Mint Tower Capital Management B.V. acquired a new position in Cohen Circle Acquisition Corp. II during the fourth quarter worth about $4,096,000. L1 Global Manager Pty Ltd acquired a new position in Cohen Circle Acquisition Corp. II during the fourth quarter worth about $512,000. Alyeska Investment Group L.P. acquired a new position in Cohen Circle Acquisition Corp. II during the fourth quarter worth about $344,000. Finally, Bulldog Investors LLP purchased a new position in Cohen Circle Acquisition Corp. II in the fourth quarter valued at about $256,000.

Cohen Circle Acquisition Corp. II Company Profile

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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