SC II Acquisition Corp. (NASDAQ:SCII) Sees Significant Decrease in Short Interest
by Sarita Garza · The Markets DailySC II Acquisition Corp. (NASDAQ:SCII – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 911 shares, a decrease of 52.5% from the May 31st total of 1,918 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,825 shares, the short-interest ratio is presently 0.5 days.
SC II Acquisition Stock Up 0.4%
Shares of SCII stock opened at $10.07 on Thursday. The company’s 50-day moving average price is $10.03. SC II Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.08.
Analysts Set New Price Targets
Separately, Weiss Ratings began coverage on SC II Acquisition in a report on Thursday, June 11th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Analysis on SC II Acquisition
SC II Acquisition Company Profile
SC II Acquisition Corp is a blank check company. The company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.