Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Sees Large Increase in Short Interest

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in 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 raised shares of Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Cohen Circle Acquisition Corp. II Stock Up 0.3%

Shares of CCII traded up $0.03 during mid-day trading on Thursday, reaching $10.30. The company had a trading volume of 105 shares, compared to its average volume of 67,133. Cohen Circle Acquisition Corp. II has a 52-week low of $10.07 and a 52-week high of $10.47. The company has a 50 day moving average price of $10.25.

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

Institutional Trading of Cohen Circle Acquisition Corp. II

A number of hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Cohen Circle Acquisition Corp. II in the fourth quarter valued at approximately $3,584,000. Berkley W R Corp raised its stake in Cohen Circle Acquisition Corp. II by 0.9% in the 4th quarter. Berkley W R Corp now owns 525,621 shares of the company’s stock valued at $5,382,000 after purchasing an additional 4,709 shares during the last quarter. Fort Baker Capital Management LP raised its stake in Cohen Circle Acquisition Corp. II by 76.1% in the 4th quarter. Fort Baker Capital Management LP now owns 352,248 shares of the company’s stock valued at $3,607,000 after purchasing an additional 152,248 shares during the last quarter. Magnetar Financial LLC purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter valued at $3,072,000. Finally, Alberta Investment Management Corp acquired a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter worth $2,048,000.

About Cohen Circle Acquisition Corp. II

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.