Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Short Interest Update

Crane Harbor Acquisition Corp. II (NASDAQ:CRANUGet Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 920 shares, a growth of 155.6% from the April 30th total of 360 shares. Based on an average trading volume of 1,469 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lineage Point Capital LP bought a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at approximately $3,021,000. Virtu Financial LLC bought a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at approximately $198,000. Alberta Investment Management Corp bought a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at approximately $6,039,000. Stoic Point Capital Management LLC bought a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at approximately $504,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at approximately $11,077,000.

Crane Harbor Acquisition Corp. II Price Performance

CRANU remained flat at $10.21 on Friday. The company had a trading volume of 101 shares, compared to its average volume of 28,259. Crane Harbor Acquisition Corp. II has a 1 year low of $10.04 and a 1 year high of $11.23. The firm has a 50 day simple moving average of $10.16.

About Crane Harbor Acquisition Corp. II

(Get Free Report)

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.

Further Reading

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