Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Shares Shorted: Short Interest Down 71.4% in September

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 40 shares, a decrease of 71.4% from the August 31st total of 140 shares. Based on an average trading volume of 241 shares, the days-to-cover ratio is presently 0.2 days.

Crane Harbor Acquisition Corp. II Stock Performance

Shares of CRANU opened at $10.31 on Friday. Crane Harbor Acquisition Corp. II has a 12-month low of $10.04 and a 12-month high of $11.23. The stock has a 50-day moving average price of $10.34 and a 200-day moving average price of $10.25.

Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II

A number of institutional investors have recently made changes to their positions in the stock. Harraden Circle Investments LLC grew its position in Crane Harbor Acquisition Corp. II by 27.6% in the second quarter. Harraden Circle Investments LLC now owns 1,276,320 shares of the company’s stock worth $13,082,000 after acquiring an additional 276,320 shares in the last quarter. Lineage Point Capital LP bought a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $3,021,000. Governors Lane LP bought a new stake in Crane Harbor Acquisition Corp. II during the fourth quarter worth about $7,552,000. Aristeia Capital L.L.C. purchased a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter worth about $4,532,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter valued at about $5,035,000.

Crane Harbor Acquisition Corp. II Company Profile

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.