Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Short Interest Down 46.0% in August

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 156 shares, a drop of 46.0% from the July 30th total of 289 shares. Based on an average daily volume of 494 shares, the short-interest ratio is presently 0.3 days.

Crane Harbor Acquisition Corp. II Trading Down 0.1%

Shares of NASDAQ CRANU traded down $0.01 during trading on Monday, reaching $10.34. The firm’s 50 day simple moving average is $10.34 and its 200-day simple moving average is $10.23. Crane Harbor Acquisition Corp. II has a fifty-two week low of $10.04 and a fifty-two week high of $11.23.

Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. bought a new stake in Crane Harbor Acquisition Corp. II in the fourth quarter valued at approximately $27,189,000. Meteora Capital LLC bought a new position in Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $26,583,000. Harraden Circle Investments LLC lifted its position in shares of Crane Harbor Acquisition Corp. II by 27.6% in the 2nd quarter. Harraden Circle Investments LLC now owns 1,276,320 shares of the company’s stock worth $13,082,000 after purchasing an additional 276,320 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter worth approximately $12,078,000. Finally, AQR Arbitrage LLC bought a new stake in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at $11,204,000.

Crane Harbor Acquisition Corp. II Company Profile

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.