Calisa Acquisition Corp (NASDAQ:ALIS) Sees Significant Growth in Short Interest

Calisa Acquisition Corp (NASDAQ:ALIS) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,158 shares, an increase of 374.7% from the June 30th total of 876 shares. Based on an average daily trading volume, of 52,859 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Calisa Acquisition

Institutional investors have recently modified their holdings of the company. Rivernorth Capital Management LLC bought a new position in shares of Calisa Acquisition in the 1st quarter worth $2,994,000. Evercore Wealth Management LLC acquired a new position in Calisa Acquisition during the first quarter worth $166,000. Sona Asset Management US LLC acquired a new position in Calisa Acquisition during the first quarter worth $3,531,000. Berkley W R Corp lifted its stake in shares of Calisa Acquisition by 32.2% in the first quarter. Berkley W R Corp now owns 196,716 shares of the company’s stock valued at $1,968,000 after buying an additional 47,931 shares in the last quarter. Finally, Lineage Point Capital LP bought a new position in shares of Calisa Acquisition in the fourth quarter valued at $2,392,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Calisa Acquisition currently has a consensus rating of “Sell”.

Calisa Acquisition Price Performance

Shares of ALIS traded up $0.01 during trading hours on Friday, hitting $10.18. The stock had a trading volume of 307 shares, compared to its average volume of 25,500. Calisa Acquisition has a 1-year low of $9.85 and a 1-year high of $10.25. The business’s 50 day moving average is $10.13.

Calisa Acquisition (NASDAQ:ALIS) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.01) 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.