Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Short Interest Update

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 16,170 shares, an increase of 271.2% from the May 14th total of 4,356 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 35,089 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bulldog Investors LLP bought a new position in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $256,000. Alyeska Investment Group L.P. bought a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $344,000. Virtu Financial LLC bought a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $346,000. L1 Global Manager Pty Ltd bought a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $512,000. Finally, Lineage Point Capital LP bought a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $717,000.

Cohen Circle Acquisition Corp. II Trading Down 0.2%

CCII traded down $0.02 during mid-day trading on Friday, reaching $10.30. 1,293 shares of the company traded hands, compared to its average volume of 38,357. The stock’s fifty day moving average is $10.26. Cohen Circle Acquisition Corp. II has a 52-week low of $10.07 and a 52-week high of $10.47.

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

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.