BOA Acquisition Corp. II (NASDAQ:THEO) Sees Significant Decline in Short Interest

BOA Acquisition Corp. II (NASDAQ:THEO) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 279 shares, a decrease of 35.6% from the September 15th total of 433 shares. Based on an average trading volume of 773 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen raised BOA Acquisition Corp. II to a “hold” rating in a report on Monday, August 17th.

BOA Acquisition Corp. II Stock Performance

THEO stock remained flat at $9.92 on Friday. 365,439 shares of the company traded hands, compared to its average volume of 27,794. The company’s 50-day simple moving average is $9.89. BOA Acquisition Corp. II has a 1 year low of $9.81 and a 1 year high of $10.03.

About BOA Acquisition Corp. II

BOA Acquisition Corp. II (NASDAQ: THEO) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transaction may take the form of a merger, acquisition, stock purchase, reorganization or similar business combination.

As a blank-check company, BOA Acquisition Corp. II does not currently operate a traditional business or offer products and services to customers. Its activities are primarily focused on evaluating potential target companies and pursuing a suitable transaction.

Publicly available information about the company’s target industry, geographic focus and leadership is limited.