Cal Redwood Acquisition Corp. (NASDAQ:CRAQR) Sees Significant Growth in Short Interest

Cal Redwood Acquisition Corp. (NASDAQ:CRAQR) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 23,929 shares, an increase of 1,167.4% from the May 14th total of 1,888 shares. Based on an average daily volume of 25,446 shares, the days-to-cover ratio is presently 0.9 days.

Cal Redwood Acquisition Stock Performance

Shares of Cal Redwood Acquisition stock remained flat at $0.16 during trading hours on Thursday. The stock’s 50-day moving average is $0.19. Cal Redwood Acquisition has a 12-month low of $0.11 and a 12-month high of $0.35.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.