CaliberCos Inc. (NASDAQ:CWD) Short Interest Down 63.0% in April

by · The Cerbat Gem

CaliberCos Inc. (NASDAQ:CWD – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 70,465 shares, a drop of 63.0% from the April 15th total of 190,667 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 84,480 shares, the days-to-cover ratio is presently 0.8 days.

CaliberCos Stock Down 10.7%

CaliberCos stock traded down $0.12 during mid-day trading on Friday, reaching $1.00. 129,293 shares of the company’s stock were exchanged, compared to its average volume of 283,780. The business’s fifty day simple moving average is $1.15 and its 200 day simple moving average is $1.54. The firm has a market capitalization of $6.68 million, a PE ratio of -0.13 and a beta of -0.28. CaliberCos has a one year low of $0.80 and a one year high of $48.00.

CaliberCos (NASDAQ:CWD – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.27). CaliberCos had a negative return on equity of 437.44% and a negative net margin of 122.65%.The firm had revenue of $4.29 million during the quarter, compared to analysts’ expectations of $4.40 million. On average, sell-side analysts forecast that CaliberCos will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CaliberCos in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Read Our Latest Stock Analysis on CaliberCos

Institutional Trading of CaliberCos

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in CaliberCos in the fourth quarter worth $39,000. Jane Street Group LLC purchased a new stake in CaliberCos in the fourth quarter worth $31,000. Finally, XTX Topco Ltd purchased a new stake in CaliberCos in the fourth quarter worth $28,000. 4.06% of the stock is owned by hedge funds and other institutional investors.

CaliberCos Company Profile

(Get Free Report)

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.

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