Short Interest in Crown ElectroKinetics Corp. (NASDAQ:CRKN) Declines By 97.3%

Crown ElectroKinetics Corp. (NASDAQ:CRKN) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 177,300 shares, a drop of 97.3% from the January 15th total of 6,610,000 shares. Based on an average trading volume of 406,300 shares, the short-interest ratio is currently 0.4 days. Approximately 11.5% of the company’s shares are sold short.

Crown ElectroKinetics Stock Performance

Shares of NASDAQ:CRKN opened at $5.33 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. Crown ElectroKinetics has a 52 week low of $5.23 and a 52 week high of $13,500.00. The firm’s fifty day moving average is $18.13 and its 200-day moving average is $135.06.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Crown ElectroKinetics stock. LPL Financial LLC acquired a new position in shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 337,000 shares of the company’s stock, valued at approximately $48,000. LPL Financial LLC owned about 21.74% of Crown ElectroKinetics at the end of the most recent reporting period. Institutional investors and hedge funds 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.