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

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,073 shares, a drop of 36.8% from the September 30th total of 8,025 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 242,185 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCII shares. Weiss Ratings raised shares of Cohen Circle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. Wall Street Zen raised Cohen Circle Acquisition Corp. II to a “hold” rating in a report on Saturday, October 24th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II

Hedge funds have recently bought and sold shares of the stock. Sona Asset Management US LLC bought a new position in shares of Cohen Circle Acquisition Corp. II in the 1st quarter worth $3,577,000. SkyView Investment Advisors LLC purchased a new position in Cohen Circle Acquisition Corp. II in the second quarter worth $515,000. Finally, Readystate Asset Management LP purchased a new position in Cohen Circle Acquisition Corp. II in the second quarter worth $259,000.

Cohen Circle Acquisition Corp. II Stock Down 0.1%

Shares of CCII traded down $0.01 during mid-day trading on Monday, reaching $10.33. 38,429 shares of the stock traded hands, compared to its average volume of 198,047. Cohen Circle Acquisition Corp. II has a 1 year low of $10.11 and a 1 year high of $10.50. The firm has a fifty day moving average price of $10.31 and a 200 day moving average price of $10.29.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more private businesses, which may include a merger, acquisition, share exchange, or similar transaction.

As a SPAC, Cohen Circle Acquisition Corp. II does not currently operate a commercial business or offer products and services of its own. Its principal activities involve evaluating potential target companies, conducting due diligence, and seeking approval for a proposed transaction.