Crown Reserve Acquisition Corp. I (NASDAQ:CRAC – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,030 shares, a decline of 73.8% from the August 15th total of 11,566 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 15,289 shares, the days-to-cover ratio is currently 0.2 days.
Crown Reserve Acquisition Corp. I Trading Down 0.0%
Shares of Crown Reserve Acquisition Corp. I stock traded down $0.00 during mid-day trading on Friday, reaching $10.20. 10,882 shares of the stock were exchanged, compared to its average volume of 14,742. Crown Reserve Acquisition Corp. I has a fifty-two week low of $9.89 and a fifty-two week high of $10.21. The firm has a 50-day simple moving average of $10.17 and a 200 day simple moving average of $10.10.
Crown Reserve Acquisition Corp. I (NASDAQ:CRAC – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 EPS for the quarter.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on CRAC
Institutional Investors Weigh In On Crown Reserve Acquisition Corp. I
A number of large investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC acquired a new stake in Crown Reserve Acquisition Corp. I during the 1st quarter valued at $2,619,000. Sona Asset Management US LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I during the first quarter worth $2,002,000. Berkley W R Corp grew its holdings in shares of Crown Reserve Acquisition Corp. I by 93.5% during the first quarter. Berkley W R Corp now owns 451,723 shares of the company’s stock worth $4,522,000 after purchasing an additional 218,227 shares during the last quarter. Lineage Point Capital LP acquired a new stake in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at $7,614,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I in the fourth quarter valued at $1,118,000.
About Crown Reserve Acquisition Corp. I
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.
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