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

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,590 shares, a decline of 53.1% from the May 14th total of 18,322 shares. Based on an average daily volume of 13,125 shares, the short-interest ratio is presently 0.7 days.

Cohen Circle Acquisition Corp. II Trading Down 1.8%

NASDAQ CCIIW traded down $0.01 on Friday, hitting $0.75. 50,000 shares of the company were exchanged, compared to its average volume of 21,830. The company’s 50 day moving average price is $0.67. Cohen Circle Acquisition Corp. II has a twelve month low of $0.51 and a twelve month high of $1.19.

Institutional Trading of Cohen Circle Acquisition Corp. II

Institutional investors and hedge funds have recently bought and sold shares of the stock. DLD Asset Management LP acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth about $26,000. Alberta Investment Management Corp acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at $35,000. Weiss Asset Management LP acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at $39,000. Magnetar Financial LLC acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at $53,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at $70,000.

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.