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

Crane Harbor Acquisition Corp. II (NASDAQ:CRANU) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 920 shares, a growth of 155.6% from the April 30th total of 360 shares. Based on an average daily trading volume, of 1,469 shares, the short-interest ratio is presently 0.6 days.

Crane Harbor Acquisition Corp. II Price Performance

Shares of NASDAQ CRANU remained flat at $10.21 during trading hours on Friday. The company had a trading volume of 101 shares, compared to its average volume of 28,259. Crane Harbor Acquisition Corp. II has a fifty-two week low of $10.04 and a fifty-two week high of $11.23. The business’s fifty day moving average price is $10.16.

Hedge Funds Weigh In On Crane Harbor Acquisition Corp. II

Several large investors have recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. acquired a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $27,189,000. Meteora Capital LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $26,583,000. Highbridge Capital Management LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $12,078,000. AQR Arbitrage LLC acquired a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $11,204,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Crane Harbor Acquisition Corp. II during the 4th quarter worth about $11,077,000.

About Crane Harbor Acquisition Corp. II

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.