Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) Sees Significant Increase in Short Interest

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 20,652 shares, an increase of 133.7% from the June 30th total of 8,837 shares. Based on an average daily trading volume, of 7,121 shares, the days-to-cover ratio is currently 2.9 days.

Cohen Circle Acquisition Corp. II Price Performance

CCIIW stock traded down $0.00 during trading on Tuesday, hitting $0.80. The company had a trading volume of 100 shares, compared to its average volume of 18,924. The stock has a 50-day moving average price of $0.75. Cohen Circle Acquisition Corp. II has a one year low of $0.51 and a one year high of $1.19.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCIIW. Mint Tower Capital Management B.V. bought a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at $70,000. Magnetar Financial LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter worth about $53,000. Toronto Dominion Bank lifted its position in Cohen Circle Acquisition Corp. II by 36.8% in the 4th quarter. Toronto Dominion Bank now owns 256,507 shares of the company’s stock valued at $180,000 after acquiring an additional 69,007 shares in the last quarter. Meteora Capital LLC lifted its position in Cohen Circle Acquisition Corp. II by 15.6% in the 4th quarter. Meteora Capital LLC now owns 458,921 shares of the company’s stock valued at $321,000 after acquiring an additional 61,819 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Cohen Circle Acquisition Corp. II during the 4th quarter valued at about $39,000.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to raise capital through the public markets for the purpose of effecting one or more business combinations. It is listed on the Nasdaq under the ticker CCIIW. As a blank?check company, it does not operate a conventional commercial business but instead focuses on identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, or similar business combination with a private company.

The company’s principal activities center on sourcing and evaluating potential target businesses, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for proposed deals.