Collective Acquisition Corp. II (NASDAQ:CAII – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 11,172 shares, a growth of 206.2% from the September 30th total of 3,649 shares. Based on an average daily trading volume, of 17,538 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are short sold.
Wall Street Analyst Weigh In
CAII has been the subject of a number of recent analyst reports. Weiss Ratings assumed coverage on shares of Collective Acquisition Corp. II in a research note on Wednesday, September 16th. They issued a “sell (e)” rating for the company. Wall Street Zen raised Collective Acquisition Corp. II to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Stock Report on Collective Acquisition Corp. II
Collective Acquisition Corp. II Price Performance
NASDAQ CAII traded up $0.01 during trading on Friday, hitting $10.03. The stock had a trading volume of 41,169 shares, compared to its average volume of 20,620. Collective Acquisition Corp. II has a twelve month low of $9.90 and a twelve month high of $10.02. The business’s 50 day moving average is $10.00.
About Collective Acquisition Corp. II
Collective Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more privately held companies. Its potential transactions may include a merger, acquisition, share exchange, reorganization or similar corporate combination.
As a blank-check company, Collective Acquisition Corp. II does not operate a conventional commercial business and does not currently offer products or services to customers. Its primary activity is evaluating prospective target businesses and pursuing a transaction intended to create a publicly traded operating company.
The company’s focus, geographic reach and future operating activities depend on the business it ultimately selects for a combination.
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