Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Short Interest Update

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 252 shares, a drop 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 currently 0.0 days.

Cal Redwood Acquisition Price Performance

NASDAQ CRAQ traded up $0.08 during trading hours on Friday, reaching $10.47. The stock had a trading volume of 20,166 shares, compared to its average volume of 49,779. Cal Redwood Acquisition has a 52-week low of $9.97 and a 52-week high of $10.40. The stock has a fifty day moving average of $10.34 and a 200 day moving average of $10.27.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRAQ. L1 Global Manager Pty Ltd purchased a new stake in Cal Redwood Acquisition in the fourth quarter valued at $507,000. Lineage Point Capital LP acquired a new position in shares of Cal Redwood Acquisition in the 4th quarter valued at about $2,846,000. Radcliffe Capital Management L.P. boosted its stake in shares of 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 worth $5,524,000 after buying an additional 76,582 shares during the last quarter. Sona Asset Management US LLC acquired a new stake in Cal Redwood Acquisition during the first quarter worth about $3,086,000. Finally, Readystate Asset Management LP acquired a new stake in Cal Redwood Acquisition during the fourth quarter worth about $2,341,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. 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.