Cal Redwood Acquisition Corp. (NASDAQ:CRAQR – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 106 shares, a drop of 86.5% from the September 15th total of 784 shares. Based on an average daily trading volume, of 121 shares, the days-to-cover ratio is currently 0.9 days.
Cal Redwood Acquisition Stock Performance
Shares of CRAQR stock opened at $0.18 on Friday. The company’s 50-day simple moving average is $0.18 and its two-hundred day simple moving average is $0.19. Cal Redwood Acquisition has a one year low of $0.11 and a one year high of $0.35.
About Cal Redwood Acquisition
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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