CRKN - 61% of float is shorted
CRKN’s stock IS BEING MASSIVELY SHORTED / MANIPULATED. Per Fintel, 61% of the float is being shorted - predominantly off-exchange, which causes it not to show up in many data sources. See screen shot above 54.4% of the float is being shorted off-exchange via dark pools and another 6.4% is being shorted on exchange (total of 60.8% of the float).
Moreover, CRKN is massively undervalued. CRKN has been restructuring and expanding its business over the last few years. They now have three diversified business lines / revenue streams (Smart Windows; Fiber Optics; Water Solutions). For more detail, see this company presentation from December 8, 2024 which explains the three business lines and their current operations: https://d1io3yog0oux5.cloudfront.net/_7a66e77eeb8f13e7c397a8565391a460/crownek/db/1086/9837/pdf/CRKN+-+Presentation_December+2024.pdf
Revenue growth has been very strong. CRKN has grown its revenue from effectively $0 in 2022 to $22 million in 2024 to $30-$35 million for 2025.
*Notes: 2024 revenue projection of $22 million is per management based on $13.4 million of actual revenue through Q3 and their Q4 estimate (from management in November). 2025 revenue estimate of $30-$35 million is management’s projection as of December 27, 2024.
Compare these revenues to CRKN’s current market value of $6.6 million! Insane.
My estimate of fair value of the stock is $3.00 - $5.00 or more. Reflecting a 30x - 50x increase from current trading level. When the stock starts to correct, the short squeeze should be massive given 61% of float is short…. Look what happened in May of 2024 when the stock jumped to $90. I am not saying it will go back to $90…but who knows where it could go.
To be clear, I am not a bag holder trying to find a way out. This is a new position for me that I have been building in real time based on my view that CRKN is massively undervalued and my understanding that the stock is being artificially depressed. I am holding 300,000 shares, which I have acquired in chunks between December 31, 2024 - January 8, 2025.
- This is, of course, not financial advise. Rather this is me sharing my views, which are reflected in my investment activity.
CRKN’s stock IS BEING MASSIVELY SHORTED / MANIPULATED. Per Fintel, 61% of the float is being shorted - predominantly off-exchange, which causes it not to show up in many data sources. See screen shot above 54.4% of the float is being shorted off-exchange via dark pools and another 6.4% is being shorted on exchange (total of 60.8% of the float).
Moreover, CRKN is massively undervalued. CRKN has been restructuring and expanding its business over the last few years. They now have three diversified business lines / revenue streams (Smart Windows; Fiber Optics; Water Solutions). For more detail, see this company presentation from December 8, 2024 which explains the three business lines and their current operations: https://d1io3yog0oux5.cloudfront.net/_7a66e77eeb8f13e7c397a8565391a460/crownek/db/1086/9837/pdf/CRKN+-+Presentation_December+2024.pdf
Revenue growth has been very strong. CRKN has grown its revenue from effectively $0 in 2022 to $22 million in 2024 to $30-$35 million for 2025.
*Notes: 2024 revenue projection of $22 million is per management based on $13.4 million of actual revenue through Q3 and their Q4 estimate (from management in November). 2025 revenue estimate of $30-$35 million is management’s projection as of December 27, 2024.
Compare these revenues to CRKN’s current market value of $6.6 million! Insane.
My estimate of fair value of the stock is $3.00 - $5.00 or more. Reflecting a 30x - 50x increase from current trading level. When the stock starts to correct, the short squeeze should be massive given 61% of float is short…. Look what happened in May of 2024 when the stock jumped to $90. I am not saying it will go back to $90…but who knows where it could go.
To be clear, I am not a bag holder trying to find a way out. This is a new position for me that I have been building in real time based on my view that CRKN is massively undervalued and my understanding that the stock is being artificially depressed. I am holding 300,000 shares, which I have acquired in chunks between December 31, 2024 - January 8, 2025.
- This is, of course, not financial advise. Rather this is me sharing my views, which are reflected in my investment activity.