Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Short Interest Up 133.7% in July

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 769 shares, a growth of 133.7% from the June 30th total of 329 shares. Based on an average daily trading volume, of 3,018 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Cal Redwood Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC increased its position in shares of Cal Redwood Acquisition by 1.6% during the fourth quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock worth $9,959,000 after acquiring an additional 15,265 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Cal Redwood Acquisition during the 4th quarter worth approximately $304,000. L1 Global Manager Pty Ltd acquired a new position in shares of Cal Redwood Acquisition in the 4th quarter valued at approximately $507,000. Radcliffe Capital Management L.P. boosted its stake in shares of Cal Redwood Acquisition by 16.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after buying an additional 76,582 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its position in shares of Cal Redwood Acquisition by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after buying an additional 100,000 shares in the last quarter.

Cal Redwood Acquisition Trading Down 0.1%

Shares of NASDAQ:CRAQ traded down $0.01 during midday trading on Thursday, hitting $10.34. 1,006 shares of the company’s stock traded hands, compared to its average volume of 38,044. Cal Redwood Acquisition has a twelve month low of $9.97 and a twelve month high of $10.35. The firm has a fifty day moving average price of $10.30.

Cal Redwood Acquisition (NASDAQ:CRAQ) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.12 EPS for the quarter. The company had revenue of $2.32 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.