Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Short Interest Update

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,030 shares, a drop of 73.8% from the August 15th total of 11,566 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 15,289 shares, the short-interest ratio is currently 0.2 days.

Crown Reserve Acquisition Corp. I Stock Down 0.0%

Shares of NASDAQ:CRAC traded down $0.00 during trading on Friday, hitting $10.20. 10,882 shares of the company were exchanged, compared to its average volume of 14,742. The firm has a fifty day moving average price of $10.17 and a two-hundred day moving average price of $10.10. Crown Reserve Acquisition Corp. I has a fifty-two week low of $9.89 and a fifty-two week high of $10.21.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 EPS for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CRAC. Geode Capital Management LLC acquired a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter worth about $534,000. Boothbay Fund Management LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at approximately $1,118,000. Heights Capital Management Inc. acquired a new position in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at approximately $1,988,000. Sona Asset Management US LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I during the 1st quarter worth approximately $2,002,000. Finally, Berkley W R Corp bought a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $2,321,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Crown Reserve Acquisition Corp. I from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.