Sizzle Acquisition Corp. II (NASDAQ:SZZL) Sees Large Drop in Short Interest

Sizzle Acquisition Corp. II (NASDAQ:SZZL) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 7,546 shares, a decrease of 75.2% from the April 15th total of 30,380 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 160,733 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Sizzle Acquisition Corp. II

Several large investors have recently made changes to their positions in the business. Lineage Point Capital LP bought a new position in Sizzle Acquisition Corp. II during the 4th quarter valued at approximately $254,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Sizzle Acquisition Corp. II in the fourth quarter worth $443,000. Meteora Capital LLC bought a new position in shares of Sizzle Acquisition Corp. II during the fourth quarter valued at $592,000. Parallax Volatility Advisers L.P. bought a new position in shares of Sizzle Acquisition Corp. II during the third quarter valued at $806,000. Finally, Clear Street Group Inc. purchased a new position in shares of Sizzle Acquisition Corp. II in the 3rd quarter worth about $1,462,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sizzle Acquisition Corp. II in a report on Friday, May 1st. One investment 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

Sizzle Acquisition Corp. II stock traded up $0.01 on Thursday, hitting $10.32. 42,492 shares of the stock traded hands, compared to its average volume of 76,186. Sizzle Acquisition Corp. II has a 1 year low of $9.21 and a 1 year high of $10.50. The business’s fifty day simple moving average is $10.28 and its 200 day simple moving average is $10.23.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.