Elliott Opportunity II Corp. (NYSE:EOCW – Get Rating) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 4,900 shares, a decrease of 68.4% from the June 30th total of 15,500 shares. Based on an average daily trading volume, of 128,500 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Elliott Opportunity II Price Performance

Elliott Opportunity II stock traded up $0.01 during midday trading on Friday, reaching $9.78. 65,493 shares of the stock traded hands, compared to its average volume of 83,600. The stock's fifty day moving average is $9.74 and its 200-day moving average is $9.74. Elliott Opportunity II has a 12 month low of $9.55 and a 12 month high of $10.11.

Hedge Funds Weigh In On Elliott Opportunity II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EOCW. HighTower Advisors LLC raised its position in Elliott Opportunity II by 4.8% during the fourth quarter. HighTower Advisors LLC now owns 1,263,568 shares of the company's stock valued at $12,353,000 after purchasing an additional 57,644 shares during the period. Saba Capital Management L.P. raised its position in Elliott Opportunity II by 75.0% during the fourth quarter. Saba Capital Management L.P. now owns 350,000 shares of the company's stock valued at $3,420,000 after purchasing an additional 150,000 shares during the period. PenderFund Capital Management Ltd. purchased a new stake in Elliott Opportunity II during the fourth quarter valued at approximately $79,000. Cohanzick Management LLC raised its position in Elliott Opportunity II by 66.7% during the first quarter. Cohanzick Management LLC now owns 250,000 shares of the company's stock valued at $2,445,000 after purchasing an additional 100,000 shares during the period. Finally, Kawa Capital Management Inc purchased a new stake in Elliott Opportunity II during the fourth quarter valued at approximately $342,000. 52.00% of the stock is owned by institutional investors.

Elliott Opportunity II Company Profile

Elliott Opportunity II Corp. does not have significant operations. It intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets in the technology sector. The company was incorporated in 2021 and is based in West Palm Beach, Florida.

Further Reading

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