Sizzle Acquisition Corp. II (NASDAQ:SZZL) Short Interest Down 89.4% in July

Sizzle Acquisition Corp. II (NASDAQ:SZZL) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 793 shares, a drop of 89.4% from the July 15th total of 7,480 shares. Based on an average daily volume of 100,215 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Sizzle Acquisition Corp. II Price Performance

SZZL stock remained flat at $10.41 during mid-day trading on Wednesday. 43,475 shares of the company’s stock traded hands, compared to its average volume of 65,047. The stock’s fifty day moving average is $10.37 and its two-hundred day moving average is $10.31. Sizzle Acquisition Corp. II has a 52 week low of $9.21 and a 52 week high of $10.50.

Sizzle Acquisition Corp. II (NASDAQ:SZZL) last issued its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rangeley Capital LLC bought a new stake in shares of Sizzle Acquisition Corp. II in the 1st quarter worth approximately $103,000. Millennium Management LLC grew its stake in Sizzle Acquisition Corp. II by 1.8% during the 4th quarter. Millennium Management LLC now owns 712,500 shares of the company’s stock worth $7,239,000 after buying an additional 12,500 shares during the last quarter. Lineage Point Capital LP acquired a new stake in Sizzle Acquisition Corp. II in the fourth quarter worth $254,000. PenderFund Capital Management Ltd. acquired a new stake in Sizzle Acquisition Corp. II in the fourth quarter worth $443,000. Finally, Meteora Capital LLC bought a new stake in Sizzle Acquisition Corp. II in the fourth quarter valued at $592,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Sizzle Acquisition Corp. II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Sizzle Acquisition Corp. II Company Profile

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.