KRAKacquisition Corp (NASDAQ:KRAQ) Stock Short Interest Jumps 1,134.0%

KRAKacquisition Corp (NASDAQ:KRAQ) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 13,031 shares, a growth of 1,134.0% from the August 31st total of 1,056 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 30,377 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded KRAKacquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

KRAKacquisition Price Performance

KRAQ traded up $0.01 during midday trading on Thursday, hitting $10.02. The company’s stock had a trading volume of 2,152 shares, compared to its average volume of 55,571. KRAKacquisition has a 52-week low of $9.78 and a 52-week high of $10.44. The firm has a 50-day simple moving average of $10.01.

About KRAKacquisition

KRAKacquisition Corp. is a special purpose acquisition company, or SPAC, listed on the Nasdaq under the symbol KRAQ. The company was formed to pursue a business combination, such as a merger, acquisition, stock purchase, or similar transaction, with one or more operating businesses.

Unlike an operating company, KRAKacquisition does not currently appear to offer products or services of its own. Its principal activity is identifying and completing a transaction with a target company, after which the combined business may operate as a publicly traded company.

Specific information about KRAKacquisition’s target industry, geographic focus, completed transactions, and leadership is limited in publicly available sources.