Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) Short Interest Down 48.5% in May

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 706 shares, a decrease of 48.5% from the April 30th total of 1,370 shares. Based on an average daily volume of 279 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

Several large investors have recently modified their holdings of the business. Toronto Dominion Bank acquired a new position in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at $159,000. Stoic Point Capital Management LLC acquired a new position in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at $261,000. Finally, Clear Street Group Inc. lifted its stake in shares of 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 purchasing an additional 403,466 shares during the last quarter.

Cohen Circle Acquisition Corp. II Stock Up 0.1%

Shares of Cohen Circle Acquisition Corp. II stock traded up $0.01 during trading hours on Monday, hitting $10.42. The company’s stock had a trading volume of 1,001 shares, compared to its average volume of 10,827. Cohen Circle Acquisition Corp. II has a twelve month low of $10.13 and a twelve month high of $10.70. The company’s fifty day simple moving average is $10.38.

Cohen Circle Acquisition Corp. II Company Profile

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.