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

BOA Acquisition Corp. II (NASDAQ:THEO) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,292 shares, an increase of 361.4% from the October 15th total of 280 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 11,549 shares, the short-interest ratio is currently 0.1 days.

BOA Acquisition Corp. II Stock Up 0.3%

NASDAQ:THEO traded up $0.03 during trading hours on Thursday, reaching $9.97. 50,402 shares of the stock were exchanged, compared to its average volume of 49,305. BOA Acquisition Corp. II has a twelve month low of $9.81 and a twelve month high of $10.03. The company’s 50 day simple moving average is $9.92.

Analyst Ratings Changes

THEO has been the topic of a number of research reports. Weiss Ratings began coverage on shares of BOA Acquisition Corp. II in a research report on Monday. They set a “sell (e)” rating on the stock. Wall Street Zen raised BOA Acquisition Corp. II to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, BOA Acquisition Corp. II presently has a consensus rating of “Sell”.

About BOA Acquisition Corp. II

BOA Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Unlike an operating business, the company does not appear to offer products or services directly to customers. Its primary activities include evaluating potential merger or acquisition targets, conducting due diligence, and negotiating a transaction intended to provide a private company with access to the public markets. The company may focus on a particular industry or geography as outlined in its public filings, but reliable details about a completed transaction or operating target are not available.