Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) Short Interest Down 53.1% in May

Cohen Circle Acquisition Corp. II (NASDAQ:CCIIW) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,590 shares, a drop of 53.1% from the May 14th total of 18,322 shares. Based on an average daily trading volume, of 13,125 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCIIW. Weiss Asset Management LP increased its stake in shares of Cohen Circle Acquisition Corp. II by 41.8% in the 1st quarter. Weiss Asset Management LP now owns 78,782 shares of the company’s stock valued at $53,000 after acquiring an additional 23,238 shares during the last quarter. Alberta Investment Management Corp bought a new position in Cohen Circle Acquisition Corp. II during the 4th quarter worth $35,000. Toronto Dominion Bank increased its position in shares of Cohen Circle Acquisition Corp. II by 36.8% in the fourth quarter. Toronto Dominion Bank now owns 256,507 shares of the company’s stock worth $180,000 after purchasing an additional 69,007 shares during the period. Meteora Capital LLC increased its position in shares of Cohen Circle Acquisition Corp. II by 15.6% in the fourth quarter. Meteora Capital LLC now owns 458,921 shares of the company’s stock worth $321,000 after purchasing an additional 61,819 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Cohen Circle Acquisition Corp. II in the fourth quarter valued at about $53,000.

Cohen Circle Acquisition Corp. II Stock Down 1.8%

CCIIW stock traded down $0.01 during midday trading on Friday, hitting $0.75. 50,000 shares of the company traded hands, compared to its average volume of 21,830. The firm’s 50 day simple moving average is $0.67. Cohen Circle Acquisition Corp. II has a twelve month low of $0.51 and a twelve month high of $1.19.

About Cohen Circle Acquisition Corp. II

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.