Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) Short Interest Down 37.2% in May

Crane Harbor Acquisition Corp. II (NASDAQ:CRAN) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,319 shares, a drop of 37.2% from the April 30th total of 2,099 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,205 shares, the days-to-cover ratio is presently 0.0 days.

Crane Harbor Acquisition Corp. II Stock Performance

CRAN opened at $10.07 on Friday. The business has a 50 day simple moving average of $9.99. Crane Harbor Acquisition Corp. II has a 1-year low of $9.88 and a 1-year high of $10.10.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on shares of Crane Harbor Acquisition Corp. II in a research note on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Crane Harbor Acquisition Corp. II

Crane Harbor Acquisition Corp. II (NASDAQ: CRAN) is a publicly traded special purpose acquisition company (SPAC), commonly known as a blank-check company. Like other SPACs, its primary business activity is to raise capital through an initial public offering with the goal of identifying and completing a business combination, merger, acquisition or other similar transaction that will result in an operating company becoming publicly listed. The company’s ordinary course involves maintaining proceeds in trust while pursuing potential targets and negotiating transaction terms.

As a SPAC, Crane Harbor Acquisition Corp.