Southern Cross Acquisition II Corp. (NASDAQ:SCATU – Get Free Report) was the recipient of a large growth in short interest during the month of 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 short-interest ratio is presently 0.0 days.
Southern Cross Acquisition II Stock Up 0.1%
Shares of NASDAQ SCATU traded up $0.01 during mid-day trading on Wednesday, reaching $10.04. 562 shares of the company were exchanged, compared to its average volume of 37,611. Southern Cross Acquisition II has a 52 week low of $9.99 and a 52 week high of $11.00.
About Southern Cross Acquisition II
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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