BOA Acquisition Corp. II (NASDAQ:THEO) Sees Significant Increase in Short Interest

BOA Acquisition Corp. II (NASDAQ:THEO) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,292 shares, a growth of 361.4% from the October 15th total of 280 shares. Based on an average daily volume of 11,549 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Several brokerages have recently commented on THEO. Wall Street Zen upgraded BOA Acquisition Corp. II to a “hold” rating in a report on Monday, August 17th. Weiss Ratings initiated coverage on BOA Acquisition Corp. II in a research note on Monday. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

BOA Acquisition Corp. II Stock Performance

THEO traded up $0.07 during midday trading on Friday, hitting $10.01. 50,402 shares of the company were exchanged, compared to its average volume of 51,720. The business has a 50 day moving average of $9.92. BOA Acquisition Corp. II has a 1-year low of $9.81 and a 1-year high of $10.03.

BOA Acquisition Corp. II (NASDAQ:THEO) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.07 earnings per share (EPS) for the quarter.

BOA Acquisition Corp. II Company Profile

BOA Acquisition Corp. II is a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, it does not operate a business or offer products and services of its own. Its activities center on identifying and evaluating a potential acquisition and, if a suitable opportunity is found, completing a business combination.