Calisa Acquisition Corp (NASDAQ:ALIS) Sees Large Decrease in Short Interest

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 127 shares, a decline of 91.9% from the September 15th total of 1,566 shares. Based on an average daily volume of 28,178 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Calisa Acquisition

A number of hedge funds have recently made changes to their positions in ALIS. Clear Street Group Inc. purchased a new position in Calisa Acquisition in the 4th quarter valued at $3,985,000. Sona Asset Management US LLC purchased a new stake in shares of Calisa Acquisition during the first quarter worth $3,531,000. Aristeia Capital L.L.C. purchased a new stake in shares of Calisa Acquisition during the fourth quarter worth $3,078,000. Rivernorth Capital Management LLC purchased a new stake in shares of Calisa Acquisition during the first quarter worth $2,994,000. Finally, Lineage Point Capital LP acquired a new stake in shares of Calisa Acquisition in the fourth quarter valued at about $2,392,000.

Calisa Acquisition Stock Up 3.8%

Shares of NASDAQ ALIS traded up $0.37 during trading on Friday, hitting $10.07. The company had a trading volume of 14,185 shares, compared to its average volume of 34,326. The stock has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $10.16. Calisa Acquisition has a fifty-two week low of $9.20 and a fifty-two week high of $14.91.

Calisa Acquisition (NASDAQ:ALIS) last released its quarterly earnings results on Friday, August 7th. The company reported $0.04 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Calisa Acquisition Company Profile

Calisa Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating businesses.

Unlike an operating company, Calisa Acquisition does not have a portfolio of products or services and does not conduct substantial commercial operations of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company is incorporated in the Cayman Islands and trades on the Nasdaq under the symbol ALIS.