Calisa Acquisition Corp (NASDAQ:ALIS) Short Interest Update

Calisa Acquisition Corp (NASDAQ:ALIS) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 523 shares, a decrease of 83.9% from the July 30th total of 3,243 shares. Based on an average daily volume of 62,117 shares, the days-to-cover ratio is currently 0.0 days.

Calisa Acquisition Stock Performance

Shares of NASDAQ:ALIS traded down $0.04 during trading on Friday, reaching $10.17. 500 shares of the company were exchanged, compared to its average volume of 26,550. The business’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $10.09. Calisa Acquisition has a 12-month low of $9.85 and a 12-month high of $10.25.

Calisa Acquisition (NASDAQ:ALIS) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Institutional Trading of Calisa Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Evercore Wealth Management LLC bought a new stake in shares of Calisa Acquisition in the 1st quarter valued at about $166,000. Virtu Financial LLC bought a new position in Calisa Acquisition in the fourth quarter worth approximately $187,000. Harraden Circle Investments LLC bought a new position in Calisa Acquisition in the second quarter worth approximately $256,000. StoneX Group Inc. purchased a new stake in Calisa Acquisition during the fourth quarter worth $837,000. Finally, Boothbay Fund Management LLC purchased a new stake in Calisa Acquisition during the fourth quarter worth $894,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Calisa Acquisition

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.