Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) Short Interest Down 37.2% in May

Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,319 shares, a decrease of 37.2% from the April 30th total of 2,099 shares. Based on an average daily trading volume, of 53,205 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Crane Harbor Acquisition Corp. II Stock Performance

Crane Harbor Acquisition Corp. II stock opened at $10.07 on Thursday. Crane Harbor Acquisition Corp. II has a 12-month low of $9.88 and a 12-month high of $10.10. The business’s 50-day moving average price is $9.98.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Crane Harbor Acquisition Corp. II in a research report on Tuesday, May 26th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

About Crane Harbor Acquisition Corp. II

Crane Harbor Acquisition Corp. II (NASDAQ: CRAN) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its primary business activity is to raise capital through an initial public offering with the goal of identifying and completing a business combination, merger, acquisition or other similar transaction that will result in an operating company becoming publicly listed. The company’s ordinary course involves maintaining proceeds in trust while pursuing potential targets and negotiating transaction terms.

As a SPAC, Crane Harbor Acquisition Corp.