Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Sees Large Growth in Short Interest

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 289 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average daily trading volume, of 1,694 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deltec Asset Management LLC acquired a new position in Crane Harbor Acquisition Corp. II during the fourth quarter valued at approximately $504,000. Wolverine Asset Management LLC bought a new position in shares of Crane Harbor Acquisition Corp. II during the fourth quarter worth $1,218,000. ABC Arbitrage SA bought a new position in shares of Crane Harbor Acquisition Corp. II during the fourth quarter worth $403,000. Wealthspring Capital LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at $2,518,000. Finally, Gabelli Funds LLC bought a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at $1,781,000.

Crane Harbor Acquisition Corp. II Stock Performance

CRANU remained flat at $10.36 during midday trading on Friday. Crane Harbor Acquisition Corp. II has a 1 year low of $10.04 and a 1 year high of $11.23. The company’s fifty day moving average is $10.32 and its 200 day moving average is $10.22.

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.