CaliberCos Inc. (NASDAQ:CWD) Sees Significant Decrease in Short Interest

CaliberCos Inc. (NASDAQ:CWD) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 100,970 shares, a drop of 30.6% from the November 30th total of 145,532 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily volume of 185,766 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 185,766 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On CaliberCos

An institutional investor recently bought a new position in CaliberCos stock. Clark Capital Management Group Inc. bought a new stake in shares of CaliberCos Inc. (NASDAQ:CWD) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 141,056 shares of the company’s stock, valued at approximately $78,000. Clark Capital Management Group Inc. owned approximately 15.18% of CaliberCos at the end of the most recent reporting period. 4.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CaliberCos in a research note on Wednesday, October 8th. Zacks Research raised shares of CaliberCos from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Wall Street Zen raised shares of CaliberCos to a “sell” rating in a research note on Saturday, September 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

CaliberCos Stock Down 13.6%

Shares of CWD stock traded down $0.20 during trading hours on Wednesday, reaching $1.24. 305,728 shares of the stock traded hands, compared to its average volume of 2,040,483. The business has a fifty day moving average price of $2.25 and a 200 day moving average price of $3.22. CaliberCos has a 1-year low of $1.19 and a 1-year high of $48.00. The firm has a market capitalization of $6.98 million, a PE ratio of -0.06 and a beta of -0.42.

CaliberCos (NASDAQ:CWD) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($1.70) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.38). The firm had revenue of $3.64 million for the quarter, compared to analysts’ expectations of $4.48 million. CaliberCos had a negative return on equity of 947.22% and a negative net margin of 103.28%. Research analysts expect that CaliberCos will post -0.38 earnings per share for the current fiscal year.

CaliberCos Company Profile

Caliber (NASDAQ: CWD) is a vertically integrated alternative asset management firm whose purpose is to build generational wealth for investors seeking to access opportunities in middle-market assets. Caliber differentiates itself by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments which are managed by our in-house asset services group. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities.