Colombier Acquisition Corp. II (NYSE:CLBR – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 392,922 shares, a growth of 2,610.9% from the September 30th total of 14,494 shares. Based on an average trading volume of 138,593 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.0% of the shares of the company are sold short.
Colombier Acquisition Corp. II Trading Down 0.1%
CLBR traded down $0.01 on Tuesday, hitting $10.08. 3,491 shares of the stock traded hands, compared to its average volume of 79,346. The business has a fifty day moving average price of $10.20 and a two-hundred day moving average price of $12.05. Colombier Acquisition Corp. II has a 52 week low of $10.01 and a 52 week high of $10.40.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on CLBR shares. Wall Street Zen raised shares of Colombier Acquisition Corp. II to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings upgraded shares of Colombier Acquisition Corp. II from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on Colombier Acquisition Corp. II
About Colombier Acquisition Corp. II
Colombier Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. The company does not conduct significant operating activities of its own and has not established a broad portfolio of products or services.
Its principal objective is to raise capital through a public offering and use those proceeds, along with other available funding, to acquire or merge with a target business. Until a transaction is completed, Colombier Acquisition Corp.
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