Crown ElectroKinetics Corp. (NASDAQ:CRKN) Short Interest Up 18.2% in February

Crown ElectroKinetics Corp. (NASDAQ:CRKN) was the target of 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. Approximately 17.5% of the shares of the company are short sold. Based on an average daily trading volume, of 428,900 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Crown ElectroKinetics

A hedge fund recently bought a new stake in Crown ElectroKinetics stock. LPL Financial LLC bought a new position in shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 337,000 shares of the company’s stock, valued at approximately $48,000. LPL Financial LLC owned approximately 21.74% of Crown ElectroKinetics at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Crown ElectroKinetics Price Performance

Shares of NASDAQ CRKN opened at $4.00 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $7.61 and a 200-day simple moving average of $82.52. Crown ElectroKinetics has a 12-month low of $1.80 and a 12-month high of $13,500.00.

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.