38.6% drop in short interest for Ares Acquisition Co. II in September as institutional ownership increases.
Ares Acquisition Co. II (NYSE:AACT) saw a 38.6% drop in short interest in September, now at 29,100 shares. Institutional investors own 72.95% of AACT, with firms like Berkley W R Corp and Wolverine Asset Management increasing their stakes. Ares Acquisition focuses on mergers and acquisitions. Meanwhile, Ares Capital (NASDAQ:ARCC) reported a 0.61 EPS, surpassing estimates, and is rated as a "Moderate Buy" by analysts.
October 14, 2024
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