Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Short Interest Down 74.7% in April

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 7,768 shares, a drop of 74.7% from the April 15th total of 30,756 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 69,523 shares, the short-interest ratio is currently 0.1 days.

Crown Reserve Acquisition Corp. I Trading Up 0.0%

CRAC traded up $0.01 on Thursday, hitting $10.08. 48,026 shares of the company’s stock traded hands, compared to its average volume of 83,753. The firm has a 50 day simple moving average of $10.03. Crown Reserve Acquisition Corp. I has a one year low of $9.89 and a one year high of $10.08.

Institutional Investors Weigh In On Crown Reserve Acquisition Corp. I

Several institutional investors and hedge funds have recently modified their holdings of CRAC. Geode Capital Management LLC purchased a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter worth $534,000. Wolverine Asset Management LLC bought a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth $928,000. Boothbay Fund Management LLC purchased a new position in Crown Reserve Acquisition Corp. I during the fourth quarter valued at $1,118,000. Heights Capital Management Inc. purchased a new position in Crown Reserve Acquisition Corp. I during the fourth quarter valued at $1,988,000. Finally, Berkley W R Corp bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter valued at $2,321,000.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Crown Reserve Acquisition Corp. I in a report on Friday, March 6th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Crown Reserve Acquisition Corp. I Company Profile

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.