Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Shares Shorted: Short Interest Down 39.5% in September

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 8,025 shares, a drop of 39.5% from the September 15th total of 13,258 shares. Based on an average trading volume of 112,701 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

A number of hedge funds and other institutional investors have recently made changes to their positions in CCII. Sona Asset Management US LLC bought a new position in Cohen Circle Acquisition Corp. II during the first quarter valued at about $3,577,000. Lineage Point Capital LP purchased a new stake in Cohen Circle Acquisition Corp. II during the fourth quarter worth about $717,000. SkyView Investment Advisors LLC purchased a new stake in Cohen Circle Acquisition Corp. II during the second quarter worth about $515,000. Governors Lane LP raised its position in Cohen Circle Acquisition Corp. II by 9.7% in the fourth quarter. Governors Lane LP now owns 329,018 shares of the company’s stock worth $3,369,000 after acquiring an additional 29,018 shares during the period. Finally, Readystate Asset Management LP bought a new stake in Cohen Circle Acquisition Corp. II in the second quarter worth about $259,000.

Cohen Circle Acquisition Corp. II Stock Up 0.0%

CCII stock traded up $0.01 during midday trading on Friday, hitting $10.29. The company’s stock had a trading volume of 1,419,507 shares, compared to its average volume of 123,725. The stock’s 50-day moving average price is $10.31 and its 200 day moving average price is $10.30. Cohen Circle Acquisition Corp. II has a 1 year low of $10.11 and a 1 year high of $10.50.

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

Analyst Ratings Changes

Separately, 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. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination with one or more private businesses. The company does not operate a traditional commercial business and does not currently offer products or services to customers.

The company’s objective is to identify, acquire, or combine with a target company through a merger, stock purchase, or similar transaction. Its search may include businesses in financial services, financial technology, asset management, business services, and related industries, although the ultimate target and transaction terms depend on the company’s ongoing evaluation process.

Until a business combination is completed, Cohen Circle Acquisition Corp.