Short Interest in Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) Increases By 150.1%

Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,641 shares, a growth of 150.1% from the June 30th total of 1,456 shares. Based on an average trading volume of 121,072 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Crane Harbor Acquisition Corp. II from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Crane Harbor Acquisition Corp. II Price Performance

Crane Harbor Acquisition Corp. II stock opened at $10.14 on Thursday. The firm has a 50 day moving average price of $10.12. Crane Harbor Acquisition Corp. II has a 12 month low of $9.88 and a 12 month high of $10.21.

About Crane Harbor Acquisition Corp. II

Crane Harbor Acquisition Corp. II (NASDAQ: CRAN) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its primary business activity is to raise capital through an initial public offering with the goal of identifying and completing a business combination, merger, acquisition or other similar transaction that will result in an operating company becoming publicly listed. The company’s ordinary course involves maintaining proceeds in trust while pursuing potential targets and negotiating transaction terms.

As a SPAC, Crane Harbor Acquisition Corp.