Colombier Acquisition Corp. II (NYSE:CLBR) Short Interest Update

Colombier Acquisition Corp. II (NYSE:CLBR) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,838 shares, a decline of 48.0% from the June 15th total of 3,534 shares. Based on an average daily trading volume, of 29,984 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLBR. Wall Street Zen raised Colombier Acquisition Corp. II to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings began coverage on shares of Colombier Acquisition Corp. II in a research note on Tuesday, June 23rd. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Colombier Acquisition Corp. II currently has an average rating of “Sell”.

Colombier Acquisition Corp. II Price Performance

Shares of CLBR stock traded down $0.03 during mid-day trading on Friday, reaching $10.31. The stock had a trading volume of 7,338 shares, compared to its average volume of 35,823. The firm’s 50 day simple moving average is $10.24 and its 200 day simple moving average is $13.22. Colombier Acquisition Corp. II has a one year low of $10.01 and a one year high of $10.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Colombier Acquisition Corp. II stock. Jane Street Group LLC purchased a new position in shares of Colombier Acquisition Corp. II (NYSE:CLBR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,881 shares of the company’s stock, valued at approximately $116,000. Jane Street Group LLC owned approximately 0.06% of Colombier Acquisition Corp. II at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.80% of the company’s stock.

Colombier Acquisition Corp. II Company Profile

Colombier Acquisition Corp. does not have significant operations. It intends to effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Palm Beach, Florida.