KRAKacquisition Corp (NASDAQ:KRAQ) Sees Significant Growth in Short Interest

KRAKacquisition Corp (NASDAQ:KRAQ) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,860 shares, an increase of 1,284.6% from the April 30th total of 351 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 67,668 shares, the short-interest ratio is presently 0.1 days.

KRAKacquisition Trading Down 0.1%

Shares of KRAQ traded down $0.01 during mid-day trading on Wednesday, reaching $9.92. 37,621 shares of the company’s stock were exchanged, compared to its average volume of 43,266. The stock’s fifty day simple moving average is $9.90. KRAKacquisition has a 52-week low of $9.78 and a 52-week high of $10.01.

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.