Cohen Circle Acquisition Corp. II (NASDAQ:CCII) Sees Significant Growth in Short Interest

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,646 shares, an increase of 820.4% from the April 15th total of 1,048 shares. Based on an average trading volume of 91,718 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Cohen Circle Acquisition Corp. II to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Cohen Circle Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cohen Circle Acquisition Corp. II has a consensus rating of “Sell”.

Cohen Circle Acquisition Corp. II Stock Performance

CCII stock remained flat at $10.23 during midday trading on Wednesday. 4,265 shares of the company’s stock were exchanged, compared to its average volume of 92,650. The stock has a 50 day moving average price of $10.26. Cohen Circle Acquisition Corp. II has a 1 year low of $10.07 and a 1 year high of $10.47.

Cohen Circle Acquisition Corp. II (NASDAQ:CCII) last posted its earnings results on Wednesday, March 25th. The company reported $0.07 earnings per share for the quarter.

Institutional Investors Weigh In On Cohen Circle Acquisition Corp. II

A number of hedge funds and other institutional investors have recently made changes to their positions in CCII. Mint Tower Capital Management B.V. acquired a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter worth $4,096,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter worth $3,584,000. Magnetar Financial LLC acquired a new stake in shares of Cohen Circle Acquisition Corp. II during the fourth quarter worth $3,072,000. Toronto Dominion Bank raised its holdings in shares of Cohen Circle Acquisition Corp. II by 58.1% during the fourth quarter. Toronto Dominion Bank now owns 711,673 shares of the company’s stock worth $7,288,000 after acquiring an additional 261,673 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Cohen Circle Acquisition Corp. II by 27.8% during the fourth quarter. Millennium Management LLC now owns 956,310 shares of the company’s stock worth $9,793,000 after acquiring an additional 207,950 shares during the period.

About Cohen Circle Acquisition Corp. II

Cohen Circle Acquisition Corp. II (NASDAQ: CCII) is a special purpose acquisition company (SPAC) that is publicly listed on the Nasdaq stock exchange. As a blank‑check vehicle, its primary role is to raise capital from public-market investors and use those proceeds to complete a business combination with one or more operating companies. The company structure is intended to provide a faster and potentially more cost‑effective route for private businesses to access public markets through a merger or similar transaction.

The firm’s principal activities center on identifying, negotiating and executing a qualifying business combination, which can take the form of a merger, asset acquisition, stock purchase, reorganization or other strategic transaction.