Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Short Interest Down 74.7% in April

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 7,768 shares, a decrease of 74.7% from the April 15th total of 30,756 shares. Based on an average daily volume of 69,523 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Crown Reserve Acquisition Corp. I Price Performance

NASDAQ:CRAC traded down $0.01 on Wednesday, reaching $10.08. The stock had a trading volume of 25,102 shares, compared to its average volume of 84,194. The stock’s 50-day moving average price is $10.03. Crown Reserve Acquisition Corp. I has a 12-month low of $9.89 and a 12-month high of $10.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Crown Reserve Acquisition Corp. I in a report on Friday, March 6th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Crown Reserve Acquisition Corp. I

Several large investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. bought a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth about $14,811,000. Magnetar Financial LLC bought a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth about $14,761,000. Lineage Point Capital LP bought a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth about $7,614,000. Westchester Capital Management LLC bought a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth about $6,063,000. Finally, Crossingbridge Advisors LLC bought a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth about $5,973,000.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank‑check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital‑raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.