Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) Short Interest Update

Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 100 shares, a decline of 91.7% from the September 15th total of 1,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 0.0 days.

Atlantic Coastal Acquisition Corp. II Price Performance

Shares of NASDAQ:ACAB opened at $11.10 on Friday. Atlantic Coastal Acquisition Corp. II has a 12 month low of $10.54 and a 12 month high of $12.60. The stock’s 50 day moving average price is $11.14 and its 200 day moving average price is $11.11.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Atlantic Coastal Acquisition Corp. II stock. Beryl Capital Management LLC acquired a new position in Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 177,417 shares of the company’s stock, valued at approximately $1,877,000. Atlantic Coastal Acquisition Corp. II makes up approximately 1.0% of Beryl Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Beryl Capital Management LLC owned approximately 1.62% of Atlantic Coastal Acquisition Corp. II at the end of the most recent reporting period. Institutional investors and hedge funds own 23.30% of the company’s stock.

Atlantic Coastal Acquisition Corp. II Company Profile

Atlantic Coastal Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in financial services industry and mobility sector.