SC II Acquisition Corp. (NASDAQ:SCII) Short Interest Down 52.5% in June

SC II Acquisition Corp. (NASDAQ:SCII) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 911 shares, a decrease of 52.5% from the May 31st total of 1,918 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,825 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on SC II Acquisition in a research report on Thursday, June 11th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

SC II Acquisition Stock Performance

Shares of SC II Acquisition stock traded down $0.02 on Tuesday, reaching $10.03. 51,004 shares of the company’s stock were exchanged, compared to its average volume of 85,670. SC II Acquisition has a 52 week low of $9.90 and a 52 week high of $10.08. The business has a 50-day moving average price of $10.03.

SC II Acquisition Company Profile

SC II Acquisition Corp is a blank check company. The company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.