Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 156 shares, a decrease of 46.0% from the July 30th total of 289 shares. Based on an average daily volume of 494 shares, the short-interest ratio is currently 0.3 days.
Crane Harbor Acquisition Corp. II Price Performance
NASDAQ:CRANU remained flat at $10.36 during trading hours on Friday. The business has a fifty day moving average price of $10.34 and a 200-day moving average price of $10.23. Crane Harbor Acquisition Corp. II has a fifty-two week low of $10.04 and a fifty-two week high of $11.23.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CRANU. Wolverine Asset Management LLC purchased a new stake in Crane Harbor Acquisition Corp. II in the 4th quarter worth about $1,218,000. ABC Arbitrage SA bought a new position in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $403,000. Wealthspring Capital LLC bought a new position in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $2,518,000. Gabelli Funds LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter worth about $1,781,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Crane Harbor Acquisition Corp. II in the fourth quarter worth about $1,897,000.
About Crane Harbor Acquisition Corp. II
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.
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