KRAKacquisition Corp (NASDAQ:KRAQ) Shares Shorted: Short Interest Up 451.9% in October

KRAKacquisition Corp (NASDAQ:KRAQ) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 1,192 shares, an increase of 451.9% from the October 15th total of 216 shares. Based on an average daily volume of 160,802 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised KRAKacquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

KRAKacquisition Stock Down 0.1%

KRAQ stock traded down $0.01 during midday trading on Friday, hitting $10.03. The company’s stock had a trading volume of 5,517 shares, compared to its average volume of 105,683. The firm has a 50-day simple moving average of $10.02 and a 200-day simple moving average of $9.97. The firm has a market capitalization of $376.12 million and a P/E ratio of 143.29. KRAKacquisition has a 52-week low of $9.78 and a 52-week high of $10.44.

KRAKacquisition Company Profile

KRAKacquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, it does not have established operating businesses, products or services of its own. Its principal activity is identifying and completing a business combination; information about its target and future operations depends on any transaction it pursues.