Short Interest in Craic Acquisition Corp. (NASDAQ:CRACW) Declines By 44.7%

Craic Acquisition Corp. (NASDAQ:CRACWGet Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,149 shares, a decrease of 44.7% from the June 30th total of 11,110 shares. Based on an average daily volume of 5,952 shares, the days-to-cover ratio is presently 1.0 days.

Craic Acquisition Price Performance

NASDAQ:CRACW traded up $0.00 during midday trading on Thursday, reaching $0.05. The stock had a trading volume of 1,500 shares, compared to its average volume of 32,436. The business’s fifty day simple moving average is $0.05. Craic Acquisition has a 12-month low of $0.02 and a 12-month high of $0.15.

Craic Acquisition (NASDAQ: CRACW) is a publicly listed special purpose acquisition company (SPAC). As a blank‑check vehicle, its primary purpose is to identify, negotiate and complete one or more business combinations, such as a merger, capital stock exchange or asset acquisition, that would result in a private operating company becoming publicly listed through the SPAC. The securities associated with the company include publicly traded units, common shares and warrants; CRACW denotes the company’s publicly traded warrants on the Nasdaq.

Until it completes a qualifying business combination, Craic Acquisition does not operate an ongoing commercial business or produce goods or services in the conventional sense.

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