Calisa Acquisition Corp (NASDAQ:ALIS) Short Interest Down 95.9% in May

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 245 shares, a decline of 95.9% from the May 14th total of 6,010 shares. Based on an average daily trading volume, of 4,864 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Calisa Acquisition

Hedge funds have recently bought and sold shares of the business. Evercore Wealth Management LLC purchased a new position in Calisa Acquisition in the 1st quarter worth about $166,000. Virtu Financial LLC purchased a new position in Calisa Acquisition in the 4th quarter worth about $187,000. StoneX Group Inc. purchased a new position in Calisa Acquisition in the 4th quarter worth about $837,000. Boothbay Fund Management LLC bought a new stake in shares of Calisa Acquisition during the 4th quarter valued at about $894,000. Finally, Radcliffe Capital Management L.P. bought a new stake in shares of Calisa Acquisition during the 4th quarter valued at about $1,241,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Calisa Acquisition Price Performance

Shares of ALIS traded down $0.01 during trading hours on Tuesday, hitting $10.11. The company had a trading volume of 5,321 shares, compared to its average volume of 21,844. The company’s fifty day moving average is $10.06. Calisa Acquisition has a 52-week low of $9.85 and a 52-week high of $10.11.

Calisa Acquisition (NASDAQ:ALIS) last issued its earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share for the quarter.

Calisa Acquisition Company Profile

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.