Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB – Get Rating) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 2,100 shares, a drop of 48.8% from the August 15th total of 4,100 shares. Based on an average trading volume of 58,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Atlantic Coastal Acquisition Corp. II Trading Down 0.1 %

NASDAQ ACAB opened at $9.98 on Thursday. The firm has a 50 day moving average price of $9.99. Atlantic Coastal Acquisition Corp. II has a 1-year low of $9.87 and a 1-year high of $10.02.

Hedge Funds Weigh In On Atlantic Coastal Acquisition Corp. II

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp purchased a new stake in Atlantic Coastal Acquisition Corp. II in the second quarter valued at $183,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at $496,000. Berkley W R Corp acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at $991,000. Sculptor Capital LP acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II in the first quarter valued at $991,000. Finally, Karpus Management Inc. acquired a new stake in shares of Atlantic Coastal Acquisition Corp. II in the second quarter valued at $998,000.

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.

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