Short Interest in Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Declines By 74.7%

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 7,768 shares, a drop of 74.7% from the April 15th total of 30,756 shares. Based on an average daily trading volume, of 69,523 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Crown Reserve Acquisition Corp. I

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter worth approximately $534,000. Wolverine Asset Management LLC bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter worth approximately $928,000. Boothbay Fund Management LLC bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter worth approximately $1,118,000. Heights Capital Management Inc. bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter worth approximately $1,988,000. Finally, Berkley W R Corp bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter worth approximately $2,321,000.

Crown Reserve Acquisition Corp. I Trading Up 0.1%

CRAC traded up $0.01 on Friday, hitting $10.08. 133 shares of the company’s stock traded hands, compared to its average volume of 82,745. The firm has a 50 day simple moving average of $10.03. Crown Reserve Acquisition Corp. I has a one year low of $9.89 and a one year high of $10.08.

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) last issued its earnings results on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Crown Reserve Acquisition Corp. I in a research report on Friday, March 6th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Crown Reserve Acquisition Corp. I

Crown Reserve Acquisition Corp. I (NASDAQ: CRAC) is a special purpose acquisition company (SPAC) listed on the Nasdaq exchange. As a blank?check vehicle, the company was formed to raise capital through a public offering with the primary aim of identifying, negotiating and completing a business combination with one or more operating businesses. Prior to consummation of a qualifying transaction, Crown Reserve Acquisition Corp. I does not engage in substantive commercial operations beyond the activities necessary to carry out its formation and capital?raising objectives.

The company’s principal activities include managing proceeds raised in its initial public offering, maintaining those funds in trust accounts, conducting due diligence on prospective targets and pursuing mergers, acquisitions or other strategic combinations that would enable the combined entity to become an operating public company.