Collective Acquisition Corp. II (NASDAQ:CAII – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,172 shares, an increase of 206.2% from the September 30th total of 3,649 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 17,538 shares, the days-to-cover ratio is presently 0.6 days.
Analysts Set New Price Targets
Several analysts have recently weighed in on CAII shares. Wall Street Zen raised shares of Collective Acquisition Corp. II to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings started coverage on Collective Acquisition Corp. II in a report on Wednesday, September 16th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Read Our Latest Stock Report on CAII
Collective Acquisition Corp. II Trading Down 0.0%
NASDAQ:CAII opened at $10.02 on Thursday. Collective Acquisition Corp. II has a fifty-two week low of $9.90 and a fifty-two week high of $10.02. The firm has a 50-day moving average price of $10.00.
About Collective Acquisition Corp. II
Collective Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more privately held companies. Its potential transactions may include a merger, acquisition, share exchange, reorganization or similar corporate combination.
As a blank-check company, Collective Acquisition Corp. II does not operate a conventional commercial business and does not currently offer products or services to customers. Its primary activity is evaluating prospective target businesses and pursuing a transaction intended to create a publicly traded operating company.
The company’s focus, geographic reach and future operating activities depend on the business it ultimately selects for a combination.
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