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

Crown Proptech Acquisitions (NYSE:CPTK – Get 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.

Further Reading