Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Short Interest Down 73.8% in August

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,030 shares, a decrease of 73.8% from the August 15th total of 11,566 shares. Based on an average trading volume of 15,289 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Crown Reserve Acquisition Corp. I Stock Performance

Shares of CRAC stock traded down $0.00 during trading hours on Friday, reaching $10.20. The company had a trading volume of 10,882 shares, compared to its average volume of 14,742. The company has a 50 day moving average of $10.17 and a 200 day moving average of $10.10. Crown Reserve Acquisition Corp. I has a 1-year low of $9.89 and a 1-year high of $10.21.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 EPS for the quarter.

Hedge Funds Weigh In On Crown Reserve Acquisition Corp. I

Several institutional investors have recently modified their holdings of CRAC. Geode Capital Management LLC bought a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $534,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Crown Reserve Acquisition Corp. I during the fourth quarter valued at approximately $3,043,000. Periscope Capital Inc. acquired a new position in Crown Reserve Acquisition Corp. I during the fourth quarter valued at approximately $2,458,000. Crossingbridge Advisors LLC bought a new stake in Crown Reserve Acquisition Corp. I in the fourth quarter valued at approximately $5,973,000. Finally, Glazer Capital LLC acquired a new stake in Crown Reserve Acquisition Corp. I in the fourth quarter worth $4,028,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Crown Reserve Acquisition Corp. I from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Crown Reserve Acquisition Corp. I currently has an average rating of “Sell”.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.