Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) Short Interest Update

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,370 shares, an increase of 139.5% from the April 15th total of 572 shares. Based on an average trading volume of 504 shares, the days-to-cover ratio is presently 2.7 days.

Cohen Circle Acquisition Corp. II Stock Up 0.2%

Shares of CCIIU traded up $0.02 during mid-day trading on Friday, reaching $10.40. 1,076 shares of the stock traded hands, compared to its average volume of 11,689. The firm has a fifty day moving average of $10.37. Cohen Circle Acquisition Corp. II has a 12-month low of $10.13 and a 12-month high of $10.70.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

A number of institutional investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. boosted its position in Cohen Circle Acquisition Corp. II by 254.9% in the 4th quarter. Clear Street Group Inc. now owns 561,740 shares of the company’s stock valued at $5,859,000 after buying an additional 403,466 shares during the last quarter. Stoic Point Capital Management LLC purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter worth about $261,000. Finally, Toronto Dominion Bank acquired a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter worth about $159,000.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank?check company. Like other SPACs, it was formed to raise capital in the public markets for the purpose of identifying, negotiating and completing a business combination with one or more operating companies. Until a business combination is completed, the SPAC itself typically has no operating business beyond managing the proceeds of its offering and pursuing acquisition opportunities.

The company’s primary activities center on sourcing and evaluating potential target businesses, structuring and negotiating a merger or similar transaction, and completing the regulatory and shareholder approval processes required to effect a closing.