SC II Acquisition Corp. (NASDAQ:SCII – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 322 shares, a drop of 60.4% from the September 15th total of 813 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 32,103 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On SC II Acquisition
A hedge fund recently bought a new position in SC II Acquisition stock. Harraden Circle Investments LLC bought a new position in shares of SC II Acquisition Corp. (NASDAQ:SCII – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,897,900 shares of the company’s stock, valued at approximately $29,066,000. SC II Acquisition makes up approximately 2.9% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 6th largest position. Harraden Circle Investments LLC owned about 16.55% of SC II Acquisition at the end of the most recent reporting period.
SC II Acquisition Stock Up 0.1%
Shares of SCII stock traded up $0.01 during trading hours on Tuesday, hitting $10.19. 9 shares of the company were exchanged, compared to its average volume of 69,952. SC II Acquisition has a 52 week low of $9.90 and a 52 week high of $10.18. The company has a 50 day moving average of $10.15.
Analysts Set New Price Targets
View Our Latest Analysis on SCII
SC II Acquisition Company Profile
SC II Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Unlike an operating company, it was established primarily to raise capital through an initial public offering and use those proceeds, together with other funding sources, to pursue a merger, acquisition, stock purchase, reorganization or similar transaction.
The company did not have established commercial products, services or operating business activities of its own.
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