Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) Short Interest Update

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 289 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily trading volume, of 1,694 shares, the days-to-cover ratio is currently 0.2 days.

Crane Harbor Acquisition Corp. II Stock Performance

Shares of NASDAQ:CRANU remained flat at $10.36 during midday trading on Friday. Crane Harbor Acquisition Corp. II has a 1 year low of $10.04 and a 1 year high of $11.23. The stock has a 50-day moving average price of $10.32 and a 200-day moving average price of $10.22.

Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRANU. Adage Capital Partners GP L.L.C. purchased a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth approximately $27,189,000. Meteora Capital LLC purchased a new stake in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth $26,583,000. Highbridge Capital Management LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at about $12,078,000. AQR Arbitrage LLC purchased a new position in shares of Crane Harbor Acquisition Corp. II in the 4th quarter valued at about $11,204,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Crane Harbor Acquisition Corp. II in the fourth quarter valued at about $11,077,000.

Crane Harbor Acquisition Corp. II Company Profile

Crane Harbor Acquisition Corp. II (NASDAQ: CRANU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is listed on the Nasdaq stock exchange. As a SPAC, its primary corporate purpose is to raise capital in the public markets through an initial public offering and to use the proceeds to identify, negotiate and complete a business combination with one or more operating companies. The entity itself does not operate commercial businesses; instead, it functions as an acquisition vehicle that brings private companies to the public markets through a merger, acquisition or other business combination.

The company’s activities typically include sourcing potential target companies, conducting due diligence, negotiating transaction terms and structuring the business combination.