KRAKacquisition Corp (NASDAQ:KRAQ) Short Interest Down 48.8% in August

KRAKacquisition Corp (NASDAQ:KRAQ) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 665 shares, a decline of 48.8% from the July 30th total of 1,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 43,515 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on KRAKacquisition in a research note on Thursday, August 13th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, KRAKacquisition presently has a consensus rating of “Sell”.

KRAKacquisition Stock Performance

NASDAQ:KRAQ traded down $0.01 during mid-day trading on Friday, hitting $9.98. 8,311 shares of the stock traded hands, compared to its average volume of 31,740. The firm’s 50-day moving average is $10.00. The company has a market cap of $374.25 million and a P/E ratio of 142.57. KRAKacquisition has a 12-month low of $9.78 and a 12-month high of $10.44.

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.