KRAKacquisition Corp (NASDAQ:KRAQ) Shares Shorted: Short Interest Up 451.9% in October

KRAKacquisition Corp (NASDAQ:KRAQ) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,192 shares, a growth of 451.9% from the October 15th total of 216 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 160,802 shares, the short-interest ratio is currently 0.0 days.

KRAKacquisition Price Performance

KRAQ stock traded down $0.01 on Wednesday, hitting $10.03. 273,635 shares of the company were exchanged, compared to its average volume of 97,118. The stock has a market capitalization of $375.94 million and a price-to-earnings ratio of 143.23. KRAKacquisition has a twelve month low of $9.78 and a twelve month high of $10.44. The business’s fifty day moving average is $10.02 and its two-hundred day moving average is $9.97.

Analyst Ratings Changes

Separately, Weiss Ratings raised KRAKacquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About KRAKacquisition

Krakacquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.