Crown Proptech Acquisitions (NYSE:CPTK) Sees Significant Growth in Short Interest

Crown Proptech Acquisitions (NYSE:CPTKGet Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 9,600 shares, an increase of 81.1% from the March 15th total of 5,300 shares. Based on an average trading volume of 54,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Shares of CPTK traded down $0.01 during trading on Friday, reaching $9.89. The company’s stock had a trading volume of 23,502 shares, compared to its average volume of 12,765. The company has a fifty day moving average of $9.87 and a two-hundred day moving average of $9.85. Crown Proptech Acquisitions has a twelve month low of $9.57 and a twelve month high of $10.00.

Separately, DA Davidson initiated coverage on Crown Proptech Acquisitions in a report on Thursday, February 17th. They issued a “buy” rating and a $13.00 price target for the company.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Toroso Investments LLC bought a new position in Crown Proptech Acquisitions during the 3rd quarter worth $102,000. Exos Asset Management LLC lifted its holdings in shares of Crown Proptech Acquisitions by 1,250.8% during the first quarter. Exos Asset Management LLC now owns 113,412 shares of the company’s stock valued at $1,121,000 after purchasing an additional 105,016 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Crown Proptech Acquisitions by 400.0% during the fourth quarter. Bank of Montreal Can now owns 625,000 shares of the company’s stock valued at $6,188,000 after purchasing an additional 500,000 shares during the last quarter. Oribel Capital Management LP raised its position in Crown Proptech Acquisitions by 21.9% during the fourth quarter. Oribel Capital Management LP now owns 255,477 shares of the company’s stock valued at $2,529,000 after buying an additional 45,939 shares during the period. Finally, RPO LLC acquired a new position in Crown Proptech Acquisitions during the fourth quarter valued at $183,000. Institutional investors and hedge funds own 65.80% of the company’s stock.

Crown Proptech Acquisitions Company Profile (Get Rating)

Crown PropTech Acquisitions focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

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