Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Sees Large Drop in Short Interest

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,349 shares, a decline of 79.3% from the May 31st total of 16,170 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 43,249 shares, the days-to-cover ratio is currently 0.1 days.

Cohen Circle Acquisition Corp. II Stock Down 0.1%

Shares of CCII traded down $0.01 during trading hours on Friday, hitting $10.33. 67,252 shares of the stock were exchanged, compared to its average volume of 31,019. Cohen Circle Acquisition Corp. II has a fifty-two week low of $10.07 and a fifty-two week high of $10.50. The business’s 50-day simple moving average is $10.27.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last released its earnings results on Wednesday, March 25th. The company reported $0.07 EPS for the quarter.

Institutional Trading of Cohen Circle Acquisition Corp. II

A number of hedge funds have recently bought and sold shares of CCII. L1 Global Manager Pty Ltd acquired a new stake in Cohen Circle Acquisition Corp. II in the fourth quarter valued at $512,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cohen Circle Acquisition Corp. II in the 4th quarter valued at about $3,584,000. Mint Tower Capital Management B.V. acquired a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter worth approximately $4,096,000. Lineage Point Capital LP purchased a new stake in Cohen Circle Acquisition Corp. II in the 4th quarter worth approximately $717,000. Finally, Radcliffe Capital Management L.P. grew its stake in Cohen Circle Acquisition Corp. II by 12.1% in the 4th quarter. Radcliffe Capital Management L.P. now owns 616,577 shares of the company’s stock worth $6,314,000 after acquiring an additional 66,577 shares during the period.

Analyst Ratings Changes

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