Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Sees Significant Decline in Short Interest

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 252 shares, a decline of 69.6% from the August 15th total of 828 shares. Based on an average daily trading volume, of 48,405 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Cal Redwood Acquisition

A number of hedge funds have recently bought and sold shares of the business. L1 Global Manager Pty Ltd acquired a new position in shares of Cal Redwood Acquisition in the 4th quarter valued at approximately $507,000. Westchester Capital Management LLC grew its position in shares of Cal Redwood Acquisition by 30.0% during the fourth quarter. Westchester Capital Management LLC now owns 650,000 shares of the company’s stock worth $6,617,000 after buying an additional 150,000 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Cal Redwood Acquisition by 1.6% in the fourth quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock worth $9,959,000 after buying an additional 15,265 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of Cal Redwood Acquisition in the fourth quarter worth $4,072,000. Finally, Radcliffe Capital Management L.P. raised its holdings in Cal Redwood Acquisition by 16.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after acquiring an additional 76,582 shares in the last quarter.

Cal Redwood Acquisition Stock Performance

CRAQ stock traded down $0.01 during trading on Monday, reaching $10.38. The stock had a trading volume of 20,166 shares, compared to its average volume of 49,779. Cal Redwood Acquisition has a 1-year low of $9.97 and a 1-year high of $10.40. The firm has a fifty day moving average price of $10.34 and a 200 day moving average price of $10.27.

Cal Redwood Acquisition (NASDAQ:CRAQ) last announced its earnings results on Monday, August 17th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $2.11 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Cal Redwood Acquisition Company Profile

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.