Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB – Get Rating) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 6,100 shares, an increase of 190.5% from the September 15th total of 2,100 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 43,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. State Street Corp acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II in the second quarter valued at approximately $183,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II during the 1st quarter valued at $496,000. Sculptor Capital LP acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II during the 1st quarter valued at $991,000. Berkley W R Corp acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II during the 1st quarter valued at $991,000. Finally, Karpus Management Inc. acquired a new position in Atlantic Coastal Acquisition Corp. II during the 2nd quarter worth about $998,000.

Atlantic Coastal Acquisition Corp. II Price Performance

Shares of Atlantic Coastal Acquisition Corp. II stock opened at $10.03 on Thursday. Atlantic Coastal Acquisition Corp. II has a 12 month low of $9.87 and a 12 month high of $10.08. The business has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $9.98.

About Atlantic Coastal Acquisition Corp. II

Atlantic Coastal Acquisition Corp. II does not have significant operations. It 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. Atlantic Coastal Acquisition Corp.

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