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Crescera Capital Acquisition Corp. (NASDAQ:CREC) Sees Significant Growth in Short Interest

Financial News Live ·  Oct 13, 2022 05:21

Crescera Capital Acquisition Corp. (NASDAQ:CREC – Get Rating) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,600 shares, an increase of 420.0% from the September 15th total of 500 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 44,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Crescera Capital Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of CREC. Picton Mahoney Asset Management purchased a new position in shares of Crescera Capital Acquisition during the first quarter valued at $1,732,000. Karpus Management Inc. purchased a new position in shares of Crescera Capital Acquisition during the first quarter valued at $1,732,000. Saba Capital Management L.P. purchased a new position in shares of Crescera Capital Acquisition during the first quarter valued at $16,854,000. Governors Lane LP purchased a new position in shares of Crescera Capital Acquisition during the first quarter valued at $2,969,000. Finally, Spring Creek Capital LLC purchased a new position in shares of Crescera Capital Acquisition during the first quarter valued at $2,234,000.

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Crescera Capital Acquisition Stock Performance

CREC stock traded up $0.01 during midday trading on Wednesday, reaching $10.06. The company's stock had a trading volume of 2,434 shares, compared to its average volume of 53,458. The stock has a fifty day simple moving average of $10.01 and a two-hundred day simple moving average of $9.96. Crescera Capital Acquisition has a 1 year low of $9.79 and a 1 year high of $10.10.

About Crescera Capital Acquisition

(Get Rating)

Crescera Capital Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with one or more businesses in technology, healthcare, education services, consumer, and retail sectors in Latin America.

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