Short Interest in Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) Expands By 3,400.0%

Atlantic Coastal Acquisition Corp. II (NASDAQ:ACAB) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,500 shares, a growth of 3,400.0% from the October 15th total of 100 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the shares of the company are sold short.

Atlantic Coastal Acquisition Corp. II Price Performance

Shares of NASDAQ ACAB traded down $0.08 during mid-day trading on Tuesday, hitting $10.82. 2,538 shares of the company were exchanged, compared to its average volume of 7,976. The stock has a 50 day simple moving average of $11.17 and a 200-day simple moving average of $11.17. Atlantic Coastal Acquisition Corp. II has a 1-year low of $9.58 and a 1-year high of $13.00.

About Atlantic Coastal Acquisition Corp. II

Atlantic Coastal Acquisition Corp. II does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses in financial services industry and mobility sector.