Cal Redwood Acquisition Corp. (NASDAQ:CRAQR – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 106 shares, a decline of 86.5% from the September 15th total of 784 shares. Based on an average daily volume of 121 shares, the days-to-cover ratio is currently 0.9 days.
Cal Redwood Acquisition Stock Performance
NASDAQ:CRAQR opened at $0.18 on Friday. The stock’s fifty day moving average is $0.18 and its 200 day moving average is $0.19. Cal Redwood Acquisition has a fifty-two week low of $0.11 and a fifty-two week high of $0.35.
Cal Redwood Acquisition Company Profile
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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