Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB – Get Rating) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 4,100 shares, a drop of 88.8% from the July 31st total of 36,600 shares. Based on an average daily volume of 73,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Investors Weigh In On Atlantic Coastal Acquisition Corp. II
Several hedge funds and other institutional investors have recently made changes to their positions in ACAB. MMCAP International Inc. SPC acquired a new stake in Atlantic Coastal Acquisition Corp. II during the first quarter worth about $13,394,000. Saba Capital Management L.P. acquired a new stake in Atlantic Coastal Acquisition Corp. II during the first quarter worth about $12,896,000. Highbridge Capital Management LLC acquired a new stake in Atlantic Coastal Acquisition Corp. II during the first quarter worth about $11,115,000. Wolverine Asset Management LLC acquired a new stake in Atlantic Coastal Acquisition Corp. II during the second quarter worth about $9,558,000. Finally, Fir Tree Capital Management LP acquired a new stake in Atlantic Coastal Acquisition Corp. II during the first quarter worth about $9,182,000. 1.00% of the stock is owned by institutional investors and hedge funds.
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Atlantic Coastal Acquisition Corp. II Stock Performance
Shares of NASDAQ:ACAB traded down $0.01 during midday trading on Thursday, hitting $10.00. The company's stock had a trading volume of 832 shares, compared to its average volume of 81,964. The stock's 50 day moving average is $9.99. Atlantic Coastal Acquisition Corp. II has a fifty-two week low of $9.87 and a fifty-two week high of $10.02.
Atlantic Coastal Acquisition Corp. II Company Profile
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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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