Cohen Circle Acquisition Corp. II (NASDAQ:CCIIU – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 706 shares, a decline of 48.5% from the April 30th total of 1,370 shares. Based on an average trading volume of 279 shares, the short-interest ratio is currently 2.5 days.
Institutional Trading of Cohen Circle Acquisition Corp. II
A number of institutional investors have recently made changes to their positions in CCIIU. Clear Street Group Inc. boosted its stake in shares of Cohen Circle Acquisition Corp. II by 254.9% in the fourth quarter. Clear Street Group Inc. now owns 561,740 shares of the company’s stock worth $5,859,000 after acquiring an additional 403,466 shares during the last quarter. Stoic Point Capital Management LLC acquired a new position in Cohen Circle Acquisition Corp. II during the fourth quarter worth $261,000. Finally, Toronto Dominion Bank acquired a new position in Cohen Circle Acquisition Corp. II during the fourth quarter worth $159,000.
Cohen Circle Acquisition Corp. II Price Performance
Shares of NASDAQ:CCIIU traded up $0.01 during trading on Monday, reaching $10.42. The stock had a trading volume of 1,001 shares, compared to its average volume of 10,827. The stock has a fifty day moving average of $10.38. Cohen Circle Acquisition Corp. II has a 1-year low of $10.13 and a 1-year high of $10.70.
Cohen Circle Acquisition Corp. II Company Profile
Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) is a publicly traded special purpose acquisition company (SPAC), commonly referred to as a blank‑check company. Like other SPACs, it was formed to raise capital in the public markets for the purpose of identifying, negotiating and completing a business combination with one or more operating companies. Until a business combination is completed, the SPAC itself typically has no operating business beyond managing the proceeds of its offering and pursuing acquisition opportunities.
The company’s primary activities center on sourcing and evaluating potential target businesses, structuring and negotiating a merger or similar transaction, and completing the regulatory and shareholder approval processes required to effect a closing.
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