Cal Redwood Acquisition Corp. (NASDAQ:CRAQR – Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 106 shares, a decrease of 86.5% from the September 15th total of 784 shares. Based on an average daily volume of 121 shares, the days-to-cover ratio is currently 0.9 days.
Cal Redwood Acquisition Stock Performance
Shares of NASDAQ CRAQR remained flat at $0.18 during mid-day trading on Friday. The company had a trading volume of 500 shares, compared to its average volume of 25,677. The company has a 50 day moving average price of $0.18 and a 200-day moving average price of $0.19. Cal Redwood Acquisition has a 52 week low of $0.11 and a 52 week high of $0.35.
About Cal Redwood Acquisition
Cal Redwood Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition, or similar transaction, with an operating company.
Unlike an operating business, Cal Redwood Acquisition Corp. does not currently provide products or services to customers. Its principal activities are evaluating potential acquisition targets, negotiating a transaction, and seeking shareholder approval for any proposed business combination.
The company does not have an established geographic operating footprint or a portfolio of commercial products.
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