Cal Redwood Acquisition Corp. (NASDAQ:CRAQR – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 106 shares, a decline of 86.5% from the September 15th total of 784 shares. Based on an average trading volume of 121 shares, the days-to-cover ratio is presently 0.9 days.
Cal Redwood Acquisition Stock Performance
NASDAQ:CRAQR remained flat at $0.18 during trading hours on Monday. 500 shares of the company were exchanged, compared to its average volume of 25,677. Cal Redwood Acquisition has a 1 year low of $0.11 and a 1 year high of $0.35. The stock has a 50 day moving average price of $0.18 and a 200-day moving average price of $0.19.
Cal Redwood Acquisition Company Profile
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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