Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 8 shares, a decrease of 80.0% from the September 15th total of 40 shares. Based on an average daily volume of 118 shares, the days-to-cover ratio is presently 0.1 days.
Crane Harbor Acquisition Corp. II Stock Performance
Shares of Crane Harbor Acquisition Corp. II stock remained flat at $10.31 during trading hours on Friday. The company’s 50-day moving average price is $10.33 and its 200 day moving average price is $10.27. Crane Harbor Acquisition Corp. II has a 12 month low of $10.04 and a 12 month high of $11.23.
Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II
Several institutional investors have recently bought and sold shares of CRANU. Lineage Point Capital LP purchased a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth $3,021,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at about $5,035,000. Context Capital Management LLC purchased a new stake in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at about $4,532,000. Magnetar Financial LLC purchased a new stake in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at about $9,058,000. Finally, Governors Lane LP acquired a new position in shares of Crane Harbor Acquisition Corp. II during the fourth quarter worth about $7,552,000.
About Crane Harbor Acquisition Corp. II
Crane Harbor Acquisition Corp. II is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more businesses. The company does not operate a conventional commercial business and does not currently offer products or services to customers.
Its activities generally involve raising capital through a public offering and seeking a merger, acquisition, or similar transaction with a target company. The company has not publicly identified a specific industry, business, or geographic market for its prospective acquisition, and its ultimate operating activities will depend on the transaction it completes.
As a newly formed acquisition company, Crane Harbor Acquisition Corp.
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