KRAKacquisition Corp (NASDAQ:KRAQ – Get Free Report) was the target of a significant decline in short interest in the month of 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. Based on an average trading volume of 43,515 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
KRAKacquisition Trading Up 0.1%
KRAQ stock opened at $9.99 on Tuesday. KRAKacquisition has a twelve month low of $9.78 and a twelve month high of $10.44. The firm has a market capitalization of $374.62 million and a P/E ratio of 142.71. The business’s 50-day moving average price is $10.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings started coverage on shares of KRAKacquisition in a report on Thursday, August 13th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
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.
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