Collective Acquisition Corp. II (NASDAQ:CAII – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,172 shares, an increase of 206.2% from the September 30th total of 3,649 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 17,538 shares, the short-interest ratio is presently 0.6 days.
Collective Acquisition Corp. II Trading Up 0.1%
NASDAQ:CAII opened at $10.03 on Friday. The stock has a 50-day simple moving average of $10.00. Collective Acquisition Corp. II has a 1-year low of $9.90 and a 1-year high of $10.02.
Analysts Set New Price Targets
A number of research analysts have commented on CAII shares. Weiss Ratings started coverage on Collective Acquisition Corp. II in a research report on Wednesday, September 16th. They set a “sell (e)” rating for the company. Wall Street Zen raised Collective Acquisition Corp. II to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.
Read Our Latest Research Report on CAII
About Collective Acquisition Corp. II
Collective Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more privately held companies. Its potential transactions may include a merger, acquisition, share exchange, reorganization or similar corporate combination.
As a blank-check company, Collective Acquisition Corp. II does not operate a conventional commercial business and does not currently offer products or services to customers. Its primary activity is evaluating prospective target businesses and pursuing a transaction intended to create a publicly traded operating company.
The company’s focus, geographic reach and future operating activities depend on the business it ultimately selects for a combination.
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