KRAKacquisition Corp (NASDAQ:KRAQ – Get Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 665 shares, a decline of 48.8% from the July 30th total of 1,300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 43,515 shares, the short-interest ratio is presently 0.0 days.
KRAKacquisition Stock Performance
Shares of KRAQ traded up $0.01 during mid-day trading on Monday, reaching $9.99. The stock had a trading volume of 279,866 shares, compared to its average volume of 53,846. The firm has a market capitalization of $374.62 million and a price-to-earnings ratio of 142.71. KRAKacquisition has a 12 month low of $9.78 and a 12 month high of $10.44. The business’s fifty day moving average price is $10.00.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings began coverage on KRAKacquisition in a research report on Thursday, August 13th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
About KRAKacquisition
Krakacquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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