BOA Acquisition Corp. II (NASDAQ:THEOU) Sees Large Growth in Short Interest

BOA Acquisition Corp. II (NASDAQ:THEOU) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 315,821 shares, a growth of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 464,984 shares, the short-interest ratio is currently 0.7 days.

BOA Acquisition Corp. II Stock Performance

THEOU traded up $0.04 on Monday, hitting $10.16. The company had a trading volume of 1 shares, compared to its average volume of 121,074. BOA Acquisition Corp. II has a 1 year low of $10.07 and a 1 year high of $10.25.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of BOA Acquisition Corp. II to a “hold” rating in a report on Saturday, August 15th.

About BOA Acquisition Corp. II

BOA Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating companies. Potential transactions may include a merger, acquisition, stock purchase, reorganization or similar corporate combination.

As a SPAC, BOA Acquisition Corp. II does not have an established operating business, product portfolio or defined geographic market. Its activities are primarily focused on evaluating potential target companies and pursuing an initial business combination.

Publicly available information about the company’s target industry, geographic focus and leadership is limited.