Elliott Opportunity II Corp. (NYSE:EOCW – Get Rating) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 15,500 shares, an increase of 162.7% from the June 15th total of 5,900 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 108,800 shares, the days-to-cover ratio is currently 0.1 days.
Elliott Opportunity II Stock Performance
Shares of EOCW traded up $0.01 during midday trading on Friday, hitting $9.74. The stock had a trading volume of 2,600 shares, compared to its average volume of 191,992. Elliott Opportunity II has a fifty-two week low of $9.55 and a fifty-two week high of $10.11. The business has a 50-day simple moving average of $9.73 and a two-hundred day simple moving average of $9.74.
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Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. PenderFund Capital Management Ltd. purchased a new stake in shares of Elliott Opportunity II in the fourth quarter worth approximately $79,000. Kawa Capital Management Inc purchased a new stake in shares of Elliott Opportunity II in the fourth quarter worth approximately $342,000. Mariner Investment Group LLC purchased a new stake in shares of Elliott Opportunity II in the fourth quarter worth approximately $489,000. HighTower Advisors LLC lifted its position in shares of Elliott Opportunity II by 4.8% in the fourth quarter. HighTower Advisors LLC now owns 1,263,568 shares of the company's stock worth $12,353,000 after purchasing an additional 57,644 shares in the last quarter. Finally, Cohanzick Management LLC lifted its position 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 worth $2,445,000 after purchasing an additional 100,000 shares in the last quarter. 52.00% of the stock is currently owned by institutional investors and hedge funds.
About Elliott Opportunity II
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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.
Further Reading
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