KRAKacquisition Corp (NASDAQ:KRAQ – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 665 shares, a drop of 48.8% from the July 30th total of 1,300 shares. Based on an average daily trading volume, of 43,515 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
KRAKacquisition Stock Down 0.1%
Shares of KRAQ stock traded down $0.01 during trading on Friday, hitting $9.98. The company had a trading volume of 8,311 shares, compared to its average volume of 31,740. The business’s 50-day simple moving average is $10.00. The firm has a market cap of $374.25 million and a PE ratio of 142.57. KRAKacquisition has a 52 week low of $9.78 and a 52 week high of $10.44.
Wall Street Analyst Weigh In
Separately, Weiss Ratings began coverage on KRAKacquisition in a research report on Thursday, August 13th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
KRAKacquisition Company Profile
Krakacquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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