Sizzle Acquisition Corp. II (NASDAQ:SZZL) Sees Significant Drop in Short Interest

Sizzle Acquisition Corp. II (NASDAQ:SZZL) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 7,546 shares, a decrease of 75.2% from the April 15th total of 30,380 shares. Based on an average daily volume of 160,733 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Sizzle Acquisition Corp. II in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Sizzle Acquisition Corp. II

Hedge funds and other institutional investors have recently modified their holdings of the business. Lineage Point Capital LP acquired a new stake in shares of Sizzle Acquisition Corp. II during the 4th quarter worth about $254,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Sizzle Acquisition Corp. II during the 4th quarter worth about $443,000. Meteora Capital LLC acquired a new stake in shares of Sizzle Acquisition Corp. II during the 4th quarter worth about $592,000. Parallax Volatility Advisers L.P. acquired a new stake in shares of Sizzle Acquisition Corp. II during the 3rd quarter worth about $806,000. Finally, Clear Street Group Inc. purchased a new position in Sizzle Acquisition Corp. II during the 3rd quarter valued at about $1,462,000.

Sizzle Acquisition Corp. II Price Performance

Shares of SZZL remained flat at $10.31 during midday trading on Wednesday. The company’s stock had a trading volume of 33,994 shares, compared to its average volume of 169,894. Sizzle Acquisition Corp. II has a twelve month low of $9.21 and a twelve month high of $10.50. The business has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $10.23.

About Sizzle Acquisition Corp. II

Sizzle Acquisition Corp. does not have significant operations. The company intends to focus on entering into merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on investing in the restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, and real estate industries. The company was incorporated in 2020 and is based in Washington, the District of Columbia.