Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB – Get Rating) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 9,000 shares, an increase of 55.2% from the November 30th total of 5,800 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 20,100 shares, the short-interest ratio is currently 0.4 days.

Atlantic Coastal Acquisition Corp. II Stock Down 0.5 %

ACAB stock opened at $10.19 on Friday. Atlantic Coastal Acquisition Corp. II has a twelve month low of $9.87 and a twelve month high of $10.24. The business has a 50 day moving average of $10.11 and a 200 day moving average of $10.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in Atlantic Coastal Acquisition Corp. II during the 3rd quarter valued at approximately $110,000. Jane Street Group LLC purchased a new stake in Atlantic Coastal Acquisition Corp. II during the 3rd quarter valued at $149,000. State Street Corp purchased a new stake in Atlantic Coastal Acquisition Corp. II during the 2nd quarter valued at $183,000. OMERS ADMINISTRATION Corp purchased a new stake in Atlantic Coastal Acquisition Corp. II during the 1st quarter valued at $496,000. Finally, Parallax Volatility Advisers L.P. purchased a new stake in Atlantic Coastal Acquisition Corp. II during the 3rd quarter valued at $523,000. Institutional investors own 62.67% of the company's stock.

Atlantic Coastal Acquisition Corp. II Company Profile

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.

Further Reading

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