Elliott Opportunity II Corp. (NYSE:EOCW – Get Rating) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 407,600 shares, an increase of 2,512.8% from the August 15th total of 15,600 shares. Currently, 0.7% of the company's shares are sold short. Based on an average daily volume of 137,600 shares, the days-to-cover ratio is currently 3.0 days.
Elliott Opportunity II Stock Performance
Elliott Opportunity II stock opened at $9.83 on Thursday. Elliott Opportunity II has a 12 month low of $9.63 and a 12 month high of $9.91. The stock's 50-day moving average is $9.79 and its 200-day moving average is $9.76.
Get Elliott Opportunity II alerts:Institutional Trading of Elliott Opportunity II
A number of institutional investors and hedge funds have recently bought and sold shares of EOCW. Karpus Management Inc. purchased a new stake in Elliott Opportunity II during the second quarter worth approximately $218,000. Virtu Financial LLC purchased a new stake in Elliott Opportunity II during the 2nd quarter worth $262,000. Cohanzick Management LLC increased its holdings in Elliott Opportunity II by 66.7% in the 1st quarter. Cohanzick Management LLC now owns 250,000 shares of the company's stock valued at $2,445,000 after purchasing an additional 100,000 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new position in Elliott Opportunity II in the fourth quarter valued at about $79,000. Finally, Saba Capital Management L.P. lifted its stake in shares of Elliott Opportunity II by 75.0% during the fourth quarter. Saba Capital Management L.P. now owns 350,000 shares of the company's stock worth $3,420,000 after purchasing an additional 150,000 shares in the last quarter. Institutional investors and hedge funds own 63.65% of the company's stock.
About Elliott Opportunity II
(Get Rating)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.
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