Crown Proptech Acquisitions (NYSE:CPTK) Short Interest Up 108.9% in May

Crown Proptech Acquisitions (NYSE:CPTKGet Rating) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 16,500 shares, an increase of 108.9% from the April 30th total of 7,900 shares. Based on an average daily volume of 42,500 shares, the short-interest ratio is presently 0.4 days.

Large investors have recently modified their holdings of the business. Bank of Montreal Can increased its position in shares of Crown Proptech Acquisitions by 400.0% during the 4th 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. Weiss Asset Management LP increased its position in shares of Crown Proptech Acquisitions by 309.4% during the 3rd quarter. Weiss Asset Management LP now owns 281,956 shares of the company’s stock valued at $2,749,000 after purchasing an additional 213,093 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Crown Proptech Acquisitions during the 3rd quarter valued at about $1,216,000. Exos Asset Management LLC increased its position in shares of Crown Proptech Acquisitions by 1,250.8% during the 1st 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. Finally, Omni Event Management Ltd purchased a new stake in shares of Crown Proptech Acquisitions during the 1st quarter valued at about $938,000. 88.04% of the stock is owned by institutional investors and hedge funds.

NYSE:CPTK remained flat at $$9.85 during mid-day trading on Friday. The company’s stock had a trading volume of 226 shares, compared to its average volume of 50,938. Crown Proptech Acquisitions has a fifty-two week low of $9.60 and a fifty-two week high of $9.99. The firm’s 50-day simple moving average is $9.86 and its two-hundred day simple moving average is $9.87.

Separately, DA Davidson reissued a “buy” rating on shares of Crown Proptech Acquisitions in a research report on Thursday, April 21st.

About Crown Proptech Acquisitions (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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