Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Short Interest Up 271.2% in May

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 16,170 shares, a growth of 271.2% from the May 14th total of 4,356 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 35,089 shares, the days-to-cover ratio is presently 0.5 days.

Cohen Circle Acquisition Corp. II Stock Up 0.3%

NASDAQ CCII traded up $0.03 on Thursday, hitting $10.30. 105 shares of the stock were exchanged, compared to its average volume of 67,133. Cohen Circle Acquisition Corp. II has a 52-week low of $10.07 and a 52-week high of $10.47. The business has a fifty day moving average price of $10.25.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last announced its earnings results on Wednesday, March 25th. The company reported $0.07 earnings per share for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Berkley W R Corp grew its stake in shares of Cohen Circle Acquisition Corp. II by 0.9% during the fourth quarter. Berkley W R Corp now owns 525,621 shares of the company’s stock valued at $5,382,000 after buying an additional 4,709 shares during the last quarter. DLD Asset Management LP lifted its position in shares of Cohen Circle Acquisition Corp. II by 6.7% during the fourth quarter. DLD Asset Management LP now owns 200,000 shares of the company’s stock worth $2,048,000 after purchasing an additional 12,500 shares during the last quarter. Bulldog Investors LLP purchased a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter valued at $256,000. Governors Lane LP boosted its stake in shares of Cohen Circle Acquisition Corp. II by 9.7% during the fourth quarter. Governors Lane LP now owns 329,018 shares of the company’s stock valued at $3,369,000 after purchasing an additional 29,018 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in Cohen Circle Acquisition Corp. II during the 4th quarter valued at about $344,000.

Wall Street Analysts Forecast Growth

CCII has been the topic of a number of research reports. Wall Street Zen upgraded shares of Cohen Circle Acquisition Corp. II to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company (SPAC) that is publicly listed on the Nasdaq stock exchange. As a blank‑check vehicle, its primary role is to raise capital from public-market investors and use those proceeds to complete a business combination with one or more operating companies. The company structure is intended to provide a faster and potentially more cost‑effective route for private businesses to access public markets through a merger or similar transaction.

The firm’s principal activities center on identifying, negotiating and executing a qualifying business combination, which can take the form of a merger, asset acquisition, stock purchase, reorganization or other strategic transaction.