Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Short Interest Update

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 289 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 1,694 shares, the days-to-cover ratio is currently 0.2 days.

Crane Harbor Acquisition Corp. II Stock Performance

NASDAQ:CRANU remained flat at $10.36 during trading hours on Friday. Crane Harbor Acquisition Corp. II has a twelve month low of $10.04 and a twelve month high of $11.23. The firm’s 50 day simple moving average is $10.32 and its two-hundred day simple moving average is $10.22.

Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PenderFund Capital Management Ltd. purchased a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter valued at approximately $50,000. Virtu Financial LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $198,000. Quarry LP purchased a new stake in shares of Crane Harbor Acquisition Corp. II during the fourth quarter worth approximately $201,000. Sandia Investment Management LP acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the fourth quarter worth $201,000. Finally, HRT Financial LP acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the fourth quarter worth $294,000.

Crane Harbor Acquisition Corp. II Company Profile

Crane Harbor Acquisition Corp. II (NASDAQ: CRANU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is listed on the Nasdaq stock exchange. As a SPAC, its primary corporate purpose is to raise capital in the public markets through an initial public offering and to use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. The entity itself does not operate commercial businesses; instead, it functions as an acquisition vehicle that brings private companies to the public markets through a merger, acquisition or other business combination.

The company’s activities typically include sourcing potential target companies, conducting due diligence, negotiating transaction terms and structuring the business combination.