Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Short Interest Update

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 156 shares, a drop of 46.0% from the July 30th total of 289 shares. Based on an average trading volume of 494 shares, the short-interest ratio is currently 0.3 days.

Crane Harbor Acquisition Corp. II Price Performance

Shares of NASDAQ CRANU remained flat at $10.36 during mid-day trading on Friday. Crane Harbor Acquisition Corp. II has a twelve month low of $10.04 and a twelve month high of $11.23. The business’s 50-day moving average price is $10.34 and its 200 day moving average price is $10.23.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Harraden Circle Investments LLC increased its position in shares of Crane Harbor Acquisition Corp. II by 27.6% during the second 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. Lineage Point Capital LP purchased a new position in Crane Harbor Acquisition Corp. II during the fourth quarter valued at approximately $3,021,000. Virtu Financial LLC bought a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $198,000. Alberta Investment Management Corp bought a new stake in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $6,039,000. Finally, Stoic Point Capital Management LLC purchased a new stake in Crane Harbor Acquisition Corp. II in the 4th quarter worth approximately $504,000.

About Crane Harbor Acquisition Corp. II

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.