BOA Acquisition Corp. II (NASDAQ:THEO) Sees Significant Decline in Short Interest

BOA Acquisition Corp. II (NASDAQ:THEO) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 279 shares, a drop of 35.6% from the September 15th total of 433 shares. Based on an average daily trading volume, of 773 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of BOA Acquisition Corp. II to a “hold” rating in a report on Monday, August 17th.

BOA Acquisition Corp. II Stock Performance

NASDAQ:THEO opened at $9.92 on Friday. BOA Acquisition Corp. II has a 1-year low of $9.81 and a 1-year high of $10.03. The stock has a 50-day simple moving average of $9.89.

About BOA Acquisition Corp. II

BOA Acquisition Corp. II (NASDAQ: THEO) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Its potential transaction may take the form of a merger, acquisition, stock purchase, reorganization or similar business combination.

As a blank-check company, BOA Acquisition Corp. II does not currently operate a traditional business or offer products and services to customers. Its activities are primarily focused on evaluating potential target companies and pursuing a suitable transaction.

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