Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) Short Interest Update

Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,319 shares, a decline of 37.2% from the April 30th total of 2,099 shares. Based on an average trading volume of 53,205 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Crane Harbor Acquisition Corp. II Stock Down 0.0%

Crane Harbor Acquisition Corp. II stock opened at $10.07 on Wednesday. The stock has a fifty day simple moving average of $9.98. Crane Harbor Acquisition Corp. II has a twelve month low of $9.88 and a twelve month high of $10.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Crane Harbor Acquisition Corp. II in a report on Tuesday, May 26th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Crane Harbor Acquisition Corp. II Company Profile

Crane Harbor Acquisition Corp. II (NASDAQ: CRAN) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its primary business activity is to raise capital through an initial public offering with the goal of identifying and completing a business combination, merger, acquisition or other similar transaction that will result in an operating company becoming publicly listed. The company’s ordinary course involves maintaining proceeds in trust while pursuing potential targets and negotiating transaction terms.

As a SPAC, Crane Harbor Acquisition Corp.