KRAKacquisition Corp (NASDAQ:KRAQ) Stock Short Interest Falls 97.9%

KRAKacquisition Corp (NASDAQ:KRAQ) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 216 shares, a drop of 97.9% from the September 30th total of 10,178 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 76,207 shares, the days-to-cover ratio is currently 0.0 days.

KRAKacquisition Stock Up 0.2%

KRAQ traded up $0.02 during trading on Monday, reaching $10.01. 556,412 shares of the company’s stock were exchanged, compared to its average volume of 102,952. The business has a 50 day moving average price of $10.02 and a 200 day moving average price of $9.97. KRAKacquisition has a fifty-two week low of $9.78 and a fifty-two week high of $10.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded KRAKacquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, KRAKacquisition presently has an average rating of “Sell”.

About KRAKacquisition

Krakacquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.