Short Interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) Drops By 53.1%

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 8,590 shares, a decrease of 53.1% from the May 14th total of 18,322 shares. Based on an average daily trading volume, of 13,125 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Weiss Asset Management LP raised its position in shares of Cohen Circle Acquisition Corp. II by 41.8% in the first quarter. Weiss Asset Management LP now owns 78,782 shares of the company’s stock worth $53,000 after acquiring an additional 23,238 shares during the period. DLD Asset Management LP acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at $26,000. Alberta Investment Management Corp acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth $35,000. Harraden Circle Investments LLC raised its stake in Cohen Circle Acquisition Corp. II by 8.5% during the 4th quarter. Harraden Circle Investments LLC now owns 639,955 shares of the company’s stock worth $448,000 after acquiring an additional 50,400 shares in the last quarter. Finally, Meteora Capital LLC increased its stake in Cohen Circle Acquisition Corp. II by 15.6% in the fourth quarter. Meteora Capital LLC now owns 458,921 shares of the company’s stock valued at $321,000 after purchasing an additional 61,819 shares during the period.

Cohen Circle Acquisition Corp. II Trading Down 1.8%

CCIIW traded down $0.01 on Friday, hitting $0.75. The company had a trading volume of 50,000 shares, compared to its average volume of 21,830. Cohen Circle Acquisition Corp. II has a 12-month low of $0.51 and a 12-month high of $1.19. The company’s fifty day moving average is $0.67.

Cohen Circle Acquisition Corp. II Company Profile

Cohen Circle Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to raise capital through the public markets for the purpose of effecting one or more business combinations. It is listed on the Nasdaq under the ticker CCIIW. As a blank?check company, it does not operate a conventional commercial business but instead focuses on identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, or similar business combination with a private company.

The company’s principal activities center on sourcing and evaluating potential target businesses, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for proposed deals.