Sizzle Acquisition Corp. II (NASDAQ:SZZL) Trading Up 0.1% – Time to Buy?

Shares of Sizzle Acquisition Corp. II (NASDAQ:SZZL) shot up 0.1% during trading on Wednesday . The stock traded as high as $10.50 and last traded at $10.47. 432 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 106,870 shares. The stock had previously closed at $10.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Sizzle Acquisition Corp. II in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Sizzle Acquisition Corp. II Stock Up 0.1%

The stock’s fifty day moving average price is $10.40 and its 200 day moving average price is $10.33.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter.

Hedge Funds Weigh In On Sizzle Acquisition Corp. II

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Karpus Management Inc. bought a new stake in shares of Sizzle Acquisition Corp. II in the second quarter valued at about $1,869,000. Shaolin Capital Management LLC purchased a new position in Sizzle Acquisition Corp. II during the 2nd quarter valued at about $5,528,000. Whitebox Advisors LLC bought a new stake in shares of Sizzle Acquisition Corp. II in the 2nd quarter valued at about $6,532,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Sizzle Acquisition Corp. II in the 2nd quarter worth approximately $17,588,000. Finally, LMR Partners LLP bought a new position in shares of Sizzle Acquisition Corp. II during the second quarter valued at approximately $4,020,000.

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.