Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Short Interest Update

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,811 shares, a decline of 71.4% from the May 31st total of 6,338 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 19,109 shares, the days-to-cover ratio is currently 0.1 days.

Crown Reserve Acquisition Corp. I Price Performance

NASDAQ:CRAC traded up $0.01 during trading hours on Friday, reaching $10.11. 32,356 shares of the company were exchanged, compared to its average volume of 52,806. The firm has a 50 day moving average of $10.09. Crown Reserve Acquisition Corp. I has a 1-year low of $9.89 and a 1-year high of $10.15.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Crown Reserve Acquisition Corp. I from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Crown Reserve Acquisition Corp. I

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRAC. Geode Capital Management LLC bought a new stake in Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $534,000. Wolverine Asset Management LLC acquired a new stake in shares of Crown Reserve Acquisition Corp. I during the 4th quarter worth approximately $928,000. Boothbay Fund Management LLC bought a new stake in Crown Reserve Acquisition Corp. I in the fourth quarter valued at $1,118,000. Heights Capital Management Inc. bought a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $1,988,000. Finally, Sona Asset Management US LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I during the first quarter worth approximately $2,002,000.

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.