Elliott Opportunity II Corp. (NYSE:EOCW – Get Rating) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 407,600 shares, a growth of 2,512.8% from the August 15th total of 15,600 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 137,600 shares, the days-to-cover ratio is presently 3.0 days.

Elliott Opportunity II Stock Performance

Shares of EOCW opened at $9.83 on Thursday. Elliott Opportunity II has a 12 month low of $9.63 and a 12 month high of $9.91. The stock has a fifty day moving average price of $9.79 and a 200 day moving average price of $9.76.

Hedge Funds Weigh In On Elliott Opportunity II

Several hedge funds and other institutional investors have recently modified their holdings of EOCW. Saba Capital Management L.P. increased its holdings in shares of Elliott Opportunity II by 75.0% in the 4th quarter. Saba Capital Management L.P. now owns 350,000 shares of the company's stock worth $3,420,000 after acquiring an additional 150,000 shares during the period. Cohanzick Management LLC increased its stake in shares of Elliott Opportunity II by 66.7% in 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. Kawa Capital Management Inc bought a new stake in shares of Elliott Opportunity II during the fourth quarter valued at approximately $342,000. Virtu Financial LLC acquired a new position in shares of Elliott Opportunity II during the second quarter worth approximately $262,000. Finally, Karpus Management Inc. bought a new position in Elliott Opportunity II in the 2nd quarter worth approximately $218,000. Institutional investors and hedge funds own 63.65% of the company's stock.

About Elliott Opportunity II

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.

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