Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) Short Interest Down 71.4% in June

Crown Reserve Acquisition Corp. I (NASDAQ:CRAC) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,811 shares, a decrease of 71.4% from the May 31st total of 6,338 shares. Based on an average daily volume of 19,109 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

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

Crown Reserve Acquisition Corp. I Trading Up 0.1%

Shares of Crown Reserve Acquisition Corp. I stock opened at $10.11 on Friday. The stock has a 50 day moving average price of $10.09. Crown Reserve Acquisition Corp. I has a 52-week low of $9.89 and a 52-week high of $10.15.

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

Institutional Investors Weigh In On Crown Reserve Acquisition Corp. I

Large investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. purchased a new stake in shares of Crown Reserve Acquisition Corp. I in the 4th quarter valued at $14,811,000. Magnetar Financial LLC purchased a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth $14,761,000. Lineage Point Capital LP purchased a new position in shares of Crown Reserve Acquisition Corp. I during the fourth quarter worth $7,614,000. Westchester Capital Management LLC acquired a new position in Crown Reserve Acquisition Corp. I during the fourth quarter valued at $6,063,000. Finally, Crossingbridge Advisors LLC acquired a new position in Crown Reserve Acquisition Corp. I during the fourth quarter valued at $5,973,000.

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.