Concord Acquisition Corp II (NYSE:CNDA) Short Interest Down 10.0% in March

Concord Acquisition Corp II (NYSE:CNDA) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 37,700 shares, a decline of 10.0% from the March 15th total of 41,900 shares. Based on an average trading volume of 61,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Concord Acquisition Corp II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kepos Capital LP grew its stake in shares of Concord Acquisition Corp II by 860.0% during the third quarter. Kepos Capital LP now owns 1,600,000 shares of the company’s stock worth $16,448,000 after purchasing an additional 1,433,334 shares during the period. Schechter Investment Advisors LLC acquired a new position in shares of Concord Acquisition Corp II during the 4th quarter worth about $9,118,000. Karpus Management Inc. increased its stake in shares of Concord Acquisition Corp II by 136.5% in the 4th quarter. Karpus Management Inc. now owns 726,025 shares of the company’s stock valued at $7,536,000 after acquiring an additional 419,050 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Concord Acquisition Corp II in the 3rd quarter valued at approximately $5,880,000. Finally, Wealthspring Capital LLC bought a new position in Concord Acquisition Corp II during the 4th quarter worth approximately $1,769,000.

Concord Acquisition Corp II Stock Performance

Shares of NYSE CNDA traded up $0.01 during midday trading on Wednesday, hitting $10.55. The stock had a trading volume of 375 shares, compared to its average volume of 63,456. Concord Acquisition Corp II has a fifty-two week low of $10.13 and a fifty-two week high of $10.90. The stock has a 50-day simple moving average of $10.49.

Concord Acquisition Corp II Company Profile