Crown Reserve Acquisition Corp. I (NASDAQ:CRACU) Short Interest Down 95.4% in July

Crown Reserve Acquisition Corp. I (NASDAQ:CRACU) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 62 shares, a decrease of 95.4% from the June 30th total of 1,359 shares. Based on an average trading volume of 608 shares, the short-interest ratio is currently 0.1 days.

Crown Reserve Acquisition Corp. I Price Performance

CRACU stock remained flat at $10.25 during midday trading on Friday. The company had a trading volume of 6,160 shares, compared to its average volume of 2,033. The stock’s fifty day simple moving average is $10.29. Crown Reserve Acquisition Corp. I has a 12-month low of $10.04 and a 12-month high of $10.76.

Institutional Trading of Crown Reserve Acquisition Corp. I

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lineage Point Capital LP acquired a new position in Crown Reserve Acquisition Corp. I during the 4th quarter worth about $107,000. HRT Financial LP acquired a new stake in Crown Reserve Acquisition Corp. I in the 4th quarter valued at about $252,000. Clear Street Group Inc. bought a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter worth about $377,000. Crossingbridge Advisors LLC bought a new position in shares of Crown Reserve Acquisition Corp. I in the fourth quarter worth about $454,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth approximately $733,000.

Crown Reserve Acquisition Corp. I Company Profile

Crown Reserve Acquisition Corp. I (NASDAQ: CRACU) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating companies. As a blank?check vehicle, the company itself does not operate a commercial business and was created to identify, acquire or merge with a private company that would become a publicly traded entity through the combination.

Typical activities for a SPAC like Crown Reserve include raising capital through an initial public offering of units, holding those proceeds in trust, sourcing potential acquisition targets, conducting due diligence, negotiating transaction terms and seeking shareholder approval for a proposed business combination.