Short Interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Drops By 79.3%

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 3,349 shares, a decline of 79.3% from the May 31st total of 16,170 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 43,249 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Cohen Circle Acquisition Corp. II Stock Down 0.1%

Cohen Circle Acquisition Corp. II stock traded down $0.01 during mid-day trading on Friday, reaching $10.33. 67,252 shares of the company were exchanged, compared to its average volume of 31,019. The firm’s fifty day moving average is $10.27. Cohen Circle Acquisition Corp. II has a 12-month low of $10.07 and a 12-month high of $10.50.

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

Institutional Inflows and Outflows

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

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.