Short Interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Declines By 43.3%

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,900 shares, a decline of 43.3% from the June 15th total of 3,349 shares. Based on an average daily volume of 33,245 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Cohen Circle Acquisition Corp. II Price Performance

CCII traded up $0.01 during midday trading on Friday, reaching $10.35. 1,480 shares of the company’s stock traded hands, compared to its average volume of 38,851. The firm has a fifty day moving average price of $10.29. Cohen Circle Acquisition Corp. II has a 52 week low of $10.07 and a 52 week high of $10.50.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.07 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCII. Millennium Management LLC lifted its position in shares of Cohen Circle Acquisition Corp. II by 27.8% in the 4th quarter. Millennium Management LLC now owns 956,310 shares of the company’s stock worth $9,793,000 after purchasing an additional 207,950 shares during the period. Toronto Dominion Bank increased its position in shares of Cohen Circle Acquisition Corp. II by 58.1% during the fourth quarter. Toronto Dominion Bank now owns 711,673 shares of the company’s stock valued at $7,288,000 after buying an additional 261,673 shares during the period. Radcliffe Capital Management L.P. raised its stake in Cohen Circle Acquisition Corp. II by 12.1% in the fourth quarter. Radcliffe Capital Management L.P. now owns 616,577 shares of the company’s stock worth $6,314,000 after buying an additional 66,577 shares in the last quarter. Berkley W R Corp lifted its holdings in Cohen Circle Acquisition Corp. II by 0.9% in the fourth quarter. Berkley W R Corp now owns 525,621 shares of the company’s stock worth $5,382,000 after buying an additional 4,709 shares during the period. Finally, Mint Tower Capital Management B.V. purchased a new stake in Cohen Circle Acquisition Corp. II in the fourth quarter worth about $4,096,000.

Analyst Ratings Changes

CCII has been the topic of several analyst reports. Weiss Ratings raised shares of Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Cohen Circle Acquisition Corp. II to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cohen Circle Acquisition Corp. II presently has an average rating of “Sell”.

About Cohen Circle Acquisition Corp. II

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.