Crown ElectroKinetics Corp. (NASDAQ:CRKN) Sees Significant Growth in Short Interest

Crown ElectroKinetics Corp. (NASDAQ:CRKN) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 269,800 shares, an increase of 18.2% from the February 13th total of 228,300 shares. Based on an average daily trading volume, of 428,900 shares, the days-to-cover ratio is currently 0.6 days. Approximately 17.5% of the shares of the company are short sold.

Crown ElectroKinetics Stock Down 2.0 %

CRKN traded down $0.08 during trading on Wednesday, hitting $3.97. 12,003 shares of the company traded hands, compared to its average volume of 122,689. The stock’s fifty day moving average is $7.89 and its 200 day moving average is $83.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.40 and a quick ratio of 1.40. Crown ElectroKinetics has a one year low of $1.80 and a one year high of $13,500.00.

Hedge Funds Weigh In On Crown ElectroKinetics

A hedge fund recently bought a new stake in Crown ElectroKinetics stock. Avantax Planning Partners Inc. bought a new position in shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 750,000 shares of the company’s stock, valued at approximately $107,000. Avantax Planning Partners Inc. owned 48.39% of Crown ElectroKinetics as of its most recent SEC filing. Hedge funds and other institutional investors own 5.28% of the company’s stock.

About Crown ElectroKinetics

Crown ElectroKinetics Corp. engages in the commercialization of electro kinetic technology for use in the smart glass market. It develops and sells optical switching film that can be embedded between glass or applied to the surface of glass or other rigid substrates such as acrylic, to electronically control opacity.