KRAKacquisition Corp (NASDAQ:KRAQ) Shares Shorted: Short Interest Up 451.9% in October

KRAKacquisition Corp (NASDAQ:KRAQ) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,192 shares, an increase of 451.9% from the October 15th total of 216 shares. Based on an average trading volume of 160,802 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded KRAKacquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, KRAKacquisition currently has a consensus rating of “Sell”.

KRAKacquisition Price Performance

KRAQ stock traded down $0.01 during midday trading on Wednesday, reaching $10.03. 273,635 shares of the company’s stock traded hands, compared to its average volume of 97,118. The company has a market capitalization of $375.94 million and a P/E ratio of 143.23. KRAKacquisition has a fifty-two week low of $9.78 and a fifty-two week high of $10.44. The business has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $9.97.

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.