SC II Acquisition Corp. (NASDAQ:SCII) Short Interest Down 52.5% in June

SC II Acquisition Corp. (NASDAQ:SCII) was the target of a large drop in short interest during 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 shares are short sold. Based on an average daily volume of 1,825 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on SC II Acquisition in a research report on Thursday, June 11th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

SC II Acquisition Stock Performance

NASDAQ:SCII traded down $0.02 on Tuesday, reaching $10.03. 51,004 shares of the stock traded hands, compared to its average volume of 85,670. SC II Acquisition has a 1-year low of $9.90 and a 1-year high of $10.08. The firm has a 50 day moving average of $10.03.

About SC II Acquisition

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.