SC II Acquisition Corp. (NASDAQ:SCII) Short Interest Update

SC II Acquisition Corp. (NASDAQ:SCII) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 911 shares, a drop of 52.5% from the May 31st total of 1,918 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,825 shares, the short-interest ratio is presently 0.5 days.

SC II Acquisition Stock Up 0.4%

NASDAQ SCII traded up $0.04 on Wednesday, hitting $10.07. 5,813 shares of the stock were exchanged, compared to its average volume of 84,591. SC II Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.08. The firm has a 50-day simple moving average of $10.03.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on SC II Acquisition in a report on Thursday, June 11th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, SC II Acquisition currently has an average rating of “Sell”.

SC II Acquisition Company Profile

SC II Acquisition Corp is a blank check company. The company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.