Southern Cross Acquisition II Corp. (NASDAQ:SCATU – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 497 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 181,375 shares, the days-to-cover ratio is presently 0.0 days.
Southern Cross Acquisition II Price Performance
Shares of SCATU traded up $0.01 during trading hours on Tuesday, reaching $10.03. 202 shares of the company’s stock traded hands, compared to its average volume of 39,662. Southern Cross Acquisition II has a twelve month low of $9.99 and a twelve month high of $11.00.
Southern Cross Acquisition II Company Profile
Southern Cross Acquisition II is a blank check company, also known as a special purpose acquisition company (SPAC), organized to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination.
The company does not operate a commercial business and does not currently offer products or services of its own. Instead, its activities have focused on raising capital through a public offering and searching for a suitable acquisition target.
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