Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 40 shares, a drop of 71.4% from the August 31st total of 140 shares. Based on an average daily volume of 241 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. L1 Global Manager Pty Ltd acquired a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth $755,000. Mint Tower Capital Management B.V. acquired a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $2,518,000. Clear Street Group Inc. acquired a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $2,518,000. Harraden Circle Investments LLC increased its holdings in Crane Harbor Acquisition Corp. II by 27.6% in the 2nd quarter. Harraden Circle Investments LLC now owns 1,276,320 shares of the company’s stock valued at $13,082,000 after buying an additional 276,320 shares during the period. Finally, Lineage Point Capital LP acquired a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at approximately $3,021,000.
Crane Harbor Acquisition Corp. II Price Performance
Shares of NASDAQ CRANU remained flat at $10.31 during midday trading on Friday. The business’s 50-day simple moving average is $10.34 and its two-hundred day simple moving average is $10.25. Crane Harbor Acquisition Corp. II has a one year low of $10.04 and a one year high of $11.23.
Crane Harbor Acquisition Corp. II Company Profile
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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