Sizzle Acquisition Corp. II (NASDAQ:SZZL) Shares Up 0.2% – Time to Buy?

Sizzle Acquisition Corp. II (NASDAQ:SZZL) rose 0.2% during mid-day trading on Wednesday. The company traded as high as $10.48 and last traded at $10.4790. 60,937 shares changed hands during trading, an increase of 23% from the average session volume of 49,581 shares. The stock had previously closed at $10.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Sizzle Acquisition Corp. II in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Sizzle Acquisition Corp. II Stock Performance

The company has a 50-day moving average of $10.43 and a 200-day moving average of $10.36.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 EPS for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Radcliffe Capital Management L.P. grew its position in Sizzle Acquisition Corp. II by 14.5% in the 4th quarter. Radcliffe Capital Management L.P. now owns 489,484 shares of the company’s stock worth $4,973,000 after purchasing an additional 62,039 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Sizzle Acquisition Corp. II during the 1st quarter worth approximately $4,112,000. Sona Asset Management US LLC purchased a new position in shares of Sizzle Acquisition Corp. II in the 1st quarter worth approximately $1,040,000. Lineage Point Capital LP purchased a new position in shares of Sizzle Acquisition Corp. II in the 4th quarter worth approximately $254,000. Finally, Rangeley Capital LLC bought a new position in shares of Sizzle Acquisition Corp. II in the first quarter valued at approximately $103,000.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. II is a blank check company, also known as a special purpose acquisition company (SPAC), incorporated to identify and complete a business combination with one or more operating companies. The potential transaction could take the form of a merger, share exchange, asset acquisition, reorganization, or similar arrangement.

Unlike an operating company, Sizzle Acquisition Corp. II does not have an established line of products or services, and its activities are primarily focused on evaluating potential merger or acquisition opportunities.