Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 18,322 shares, an increase of 4,283.3% from the April 30th total of 418 shares. Based on an average daily volume of 15,172 shares, the short-interest ratio is currently 1.2 days.
Institutional Trading of Cohen Circle Acquisition Corp. II
Hedge funds have recently made changes to their positions in the company. DLD Asset Management LP acquired a new position in Cohen Circle Acquisition Corp. II in the 4th quarter valued at about $26,000. Alberta Investment Management Corp purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter valued at approximately $35,000. Weiss Asset Management LP purchased a new position in Cohen Circle Acquisition Corp. II in the 4th quarter valued at approximately $39,000. Magnetar Financial LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at $53,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Cohen Circle Acquisition Corp. II in the 4th quarter valued at $70,000.
Cohen Circle Acquisition Corp. II Stock Performance
NASDAQ:CCIIW traded up $0.05 during mid-day trading on Friday, hitting $0.70. The company’s stock had a trading volume of 6,017 shares, compared to its average volume of 22,124. The business’s fifty day moving average price is $0.64. Cohen Circle Acquisition Corp. II has a 1 year low of $0.51 and a 1 year high of $1.19.
Cohen Circle Acquisition Corp. II Company Profile
Cohen Circle Acquisition Corp. II is a special purpose acquisition company (SPAC) organized to raise capital through the public markets for the purpose of effecting one or more business combinations. It is listed on the Nasdaq under the ticker CCIIW. As a blank‑check company, it does not operate a conventional commercial business but instead focuses on identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, or similar business combination with a private company.
The company’s principal activities center on sourcing and evaluating potential target businesses, conducting due diligence, negotiating transaction terms and securing shareholder and regulatory approvals for proposed deals.
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