Atlantic Coastal Acquisition Corp. II (NASDAQ:ACABW – Get Rating) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 6,600 shares, a decline of 13.2% from the August 15th total of 7,600 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is presently 0.4 days.

Atlantic Coastal Acquisition Corp. II Stock Performance

Atlantic Coastal Acquisition Corp. II stock opened at $0.08 on Friday. Atlantic Coastal Acquisition Corp. II has a 1-year low of $0.03 and a 1-year high of $0.22. The company has a 50 day simple moving average of $0.09.

Institutional Trading of Atlantic Coastal Acquisition Corp. II

Institutional investors have recently modified their holdings of the business. Highbridge Capital Management LLC purchased a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at approximately $169,000. Taconic Capital Advisors LP purchased a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at approximately $65,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at approximately $40,000. Picton Mahoney Asset Management purchased a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at approximately $27,000. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at approximately $135,000.

About Atlantic Coastal Acquisition Corp. II

Atlantic Coastal Acquisition Corp. II focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in mobility sector. The company was incorporated in 2021 and is based in New York, New York.

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