KRAKacquisition Corp (NASDAQ:KRAQ) Stock Short Interest Climbs 1,134.0%

by · The Markets Daily

KRAKacquisition Corp (NASDAQ:KRAQ – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 13,031 shares, an increase of 1,134.0% from the August 31st total of 1,056 shares. Based on an average daily volume of 30,377 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

KRAKacquisition Trading Up 0.1%

NASDAQ:KRAQ traded up $0.01 on Thursday, reaching $10.02. The stock had a trading volume of 2,152 shares, compared to its average volume of 55,571. The stock’s fifty day simple moving average is $10.01. KRAKacquisition has a 12-month low of $9.78 and a 12-month high of $10.44.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on KRAKacquisition

KRAKacquisition Company Profile

(Get Free Report)

KRAKacquisition Corp. is a special purpose acquisition company, or SPAC, listed on the Nasdaq under the symbol KRAQ. The company was formed to pursue a business combination, such as a merger, acquisition, stock purchase, or similar transaction, with one or more operating businesses.

Unlike an operating company, KRAKacquisition does not currently appear to offer products or services of its own. Its principal activity is identifying and completing a transaction with a target company, after which the combined business may operate as a publicly traded company.

Specific information about KRAKacquisition’s target industry, geographic focus, completed transactions, and leadership is limited in publicly available sources.

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