Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Shares Shorted: Short Interest Down 36.8% in October

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 5,073 shares, a decrease of 36.8% from the September 30th total of 8,025 shares. Based on an average daily trading volume, of 242,185 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Readystate Asset Management LP bought a new position in Cohen Circle Acquisition Corp. II in the second quarter valued at about $259,000. SkyView Investment Advisors LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II during the second quarter valued at about $515,000. Finally, Sona Asset Management US LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II during the first quarter valued at about $3,577,000.

Cohen Circle Acquisition Corp. II Stock Performance

Shares of Cohen Circle Acquisition Corp. II stock opened at $10.36 on Wednesday. Cohen Circle Acquisition Corp. II has a fifty-two week low of $10.11 and a fifty-two week high of $10.50. The company’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $10.29.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last posted its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings upgraded Cohen Circle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a research note on Saturday, October 24th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Cohen Circle Acquisition Corp. II Company Profile

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more private businesses, which may include a merger, acquisition, share exchange, or similar transaction.

As a SPAC, Cohen Circle Acquisition Corp. II does not currently operate a commercial business or offer products and services of its own. Its principal activities involve evaluating potential target companies, conducting due diligence, and seeking approval for a proposed transaction.