Crane Harbor Acquisition Corp. II (NASDAQ:CRANU – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 8 shares, a decline of 80.0% from the September 15th total of 40 shares. Based on an average daily volume of 118 shares, the short-interest ratio is presently 0.1 days.
Crane Harbor Acquisition Corp. II Trading Up 0.0%
Shares of NASDAQ:CRANU opened at $10.31 on Tuesday. Crane Harbor Acquisition Corp. II has a 12 month low of $10.04 and a 12 month high of $11.23. The firm’s 50-day moving average is $10.33 and its 200 day moving average is $10.27.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of CRANU. Harraden Circle Investments LLC raised its holdings in shares of 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 buying an additional 276,320 shares during the period. Magnetar Financial LLC bought a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $9,058,000. Governors Lane LP bought a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $7,552,000. Alberta Investment Management Corp purchased a new position in Crane Harbor Acquisition Corp. II during the 4th quarter valued at $6,039,000. Finally, Radcliffe Capital Management L.P. purchased a new position in Crane Harbor Acquisition Corp. II during the 4th quarter valued at $5,035,000.
About Crane Harbor Acquisition Corp. II
Crane Harbor Acquisition Corp. II is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more businesses. The company does not operate a conventional commercial business and does not currently offer products or services to customers.
Its activities generally involve raising capital through a public offering and seeking a merger, acquisition, or similar transaction with a target company. The company has not publicly identified a specific industry, business, or geographic market for its prospective acquisition, and its ultimate operating activities will depend on the transaction it completes.
As a newly formed acquisition company, Crane Harbor Acquisition Corp.
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