Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) Short Interest Up 4,283.3% in May

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 18,322 shares, a growth of 4,283.3% from the April 30th total of 418 shares. Based on an average daily volume of 15,172 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CCIIW. Mint Tower Capital Management B.V. bought a new position in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $70,000. Magnetar Financial LLC bought a new position in shares of Cohen Circle Acquisition Corp. II during the 4th quarter valued at approximately $53,000. Toronto Dominion Bank boosted its position in shares of Cohen Circle Acquisition Corp. II by 36.8% during the 4th quarter. Toronto Dominion Bank now owns 256,507 shares of the company’s stock valued at $180,000 after acquiring an additional 69,007 shares during the last quarter. Meteora Capital LLC boosted its position in shares of Cohen Circle Acquisition Corp. II by 15.6% during the 4th quarter. Meteora Capital LLC now owns 458,921 shares of the company’s stock valued at $321,000 after acquiring an additional 61,819 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in Cohen Circle Acquisition Corp. II during the fourth quarter worth $39,000.

Cohen Circle Acquisition Corp. II Stock Performance

Shares of CCIIW stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.67. The company had a trading volume of 24,578 shares, compared to its average volume of 22,403. Cohen Circle Acquisition Corp. II has a 52-week low of $0.51 and a 52-week high of $1.19. The company has a 50 day simple moving average of $0.65.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to raise capital through the public markets for the purpose of effecting one or more business combinations. It is listed on the Nasdaq under the ticker CCIIW. As a blank‑check company, it does not operate a conventional commercial business but instead focuses on identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, or similar business combination with a private company.

The company’s principal activities center on sourcing and evaluating potential target businesses, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for proposed deals.