Sizzle Acquisition Corp. II (NASDAQ:SZZL) Releases Quarterly Earnings Results

Sizzle Acquisition Corp. II (NASDAQ:SZZL) posted its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Sizzle Acquisition Corp. II Stock Performance

NASDAQ:SZZL remained flat at $10.41 during mid-day trading on Wednesday. The company’s stock had a trading volume of 43,476 shares, compared to its average volume of 65,047. The company has a 50 day moving average of $10.37 and a two-hundred day moving average of $10.31. Sizzle Acquisition Corp. II has a twelve month low of $9.21 and a twelve month high of $10.50.

Institutional Investors Weigh In On Sizzle Acquisition Corp. II

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Sizzle Acquisition Corp. II in the 2nd quarter worth $17,588,000. Whitebox Advisors LLC bought a new position in shares of Sizzle Acquisition Corp. II in the second quarter worth about $6,532,000. Shaolin Capital Management LLC bought a new position in shares of Sizzle Acquisition Corp. II in the second quarter worth about $5,528,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Sizzle Acquisition Corp. II during the second quarter worth about $4,827,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Sizzle Acquisition Corp. II during the 1st quarter valued at approximately $4,112,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Sizzle Acquisition Corp. II Company Profile

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.