Crown ElectroKinetics Corp. (NASDAQ:CRKN) Short Interest Up 597.0% in August

Crown ElectroKinetics Corp. (NASDAQ:CRKN) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 420,300 shares, an increase of 597.0% from the August 15th total of 60,300 shares. Approximately 14.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,660,000 shares, the short-interest ratio is currently 0.3 days.

Crown ElectroKinetics Price Performance

Shares of CRKN traded down $0.03 during midday trading on Wednesday, hitting $0.79. 763,238 shares of the company traded hands, compared to its average volume of 704,614. The stock has a 50-day moving average of $3.36 and a 200-day moving average of $7.29. Crown ElectroKinetics has a one year low of $0.73 and a one year high of $36.37. The firm has a market cap of $2.39 million, a P/E ratio of -0.04 and a beta of 0.79.

Crown ElectroKinetics (NASDAQ:CRKN) last announced its quarterly earnings results on Thursday, August 24th. The company reported ($9.27) earnings per share for the quarter. The firm had revenue of $0.04 million during the quarter. Sell-side analysts forecast that Crown ElectroKinetics will post -1.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Crown ElectroKinetics stock. Renaissance Technologies LLC lifted its holdings in shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) by 482.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,000 shares of the company’s stock after purchasing an additional 135,000 shares during the quarter. Renaissance Technologies LLC owned 0.81% of Crown ElectroKinetics worth $31,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.56% of the company’s stock.

About Crown ElectroKinetics

Crown Electrokinetics Corp. develops and sells optical switching films in the United States. It offers DynamicTint technology, which allows transition between clear and dark in seconds that can be applied to a wide array of windows including commercial buildings, automotive sunroofs, and residential skylight, and windows.