Short Interest in Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Drops By 79.3%

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,349 shares, a drop of 79.3% from the May 31st total of 16,170 shares. Based on an average daily trading volume, of 43,249 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Cohen Circle Acquisition Corp. II

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mint Tower Capital Management B.V. purchased a new position in Cohen Circle Acquisition Corp. II during the 4th quarter worth approximately $4,096,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at $3,584,000. Sona Asset Management US LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the first quarter worth $3,577,000. Magnetar Financial LLC purchased a new position in shares of Cohen Circle Acquisition Corp. II during the fourth quarter worth $3,072,000. Finally, Toronto Dominion Bank lifted its position in Cohen Circle Acquisition Corp. II by 58.1% during the fourth quarter. Toronto Dominion Bank now owns 711,673 shares of the company’s stock valued at $7,288,000 after purchasing an additional 261,673 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Cohen Circle Acquisition Corp. II to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Cohen Circle Acquisition Corp. II Price Performance

Shares of NASDAQ CCII traded down $0.01 during mid-day trading on Friday, hitting $10.33. The stock had a trading volume of 67,252 shares, compared to its average volume of 31,019. The stock’s 50 day moving average price is $10.27. Cohen Circle Acquisition Corp. II has a twelve month low of $10.07 and a twelve month high of $10.50.

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

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.