CaliberCos Inc. (NASDAQ:CWD) Sees Large Increase in Short Interest

CaliberCos Inc. (NASDAQ:CWD) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 813,964 shares, an increase of 54.4% from the September 15th total of 527,346 shares. Based on an average trading volume of 9,921,414 shares, the days-to-cover ratio is presently 0.1 days. Currently, 8.6% of the shares of the company are sold short.

CaliberCos Stock Performance

CWD traded down $0.01 during trading on Friday, reaching $0.42. The company had a trading volume of 81,202 shares, compared to its average volume of 2,469,145. The firm’s 50-day simple moving average is $0.54 and its 200 day simple moving average is $0.76. The company has a market cap of $4.38 million, a price-to-earnings ratio of -0.11 and a beta of -0.10. CaliberCos has a 12-month low of $0.40 and a 12-month high of $3.75.

CaliberCos (NASDAQ:CWD) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.21). The business had revenue of $4.19 million during the quarter, compared to analysts’ expectations of $4.73 million. CaliberCos had a negative return on equity of 75.44% and a negative net margin of 117.34%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CaliberCos in a research note on Thursday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, CaliberCos has an average rating of “Sell”.

About CaliberCos

CaliberCos Inc is an alternative asset management and real estate development company based in Arizona. Through its affiliated entities and investment funds, the company acquires, develops, renovates, and manages commercial real estate and other operating businesses.

Its portfolio and investment activities have included multifamily housing, office properties, hospitality assets, and other commercial real estate projects. CaliberCos generally seeks to create and manage private investment opportunities for accredited and institutional investors, with services spanning investment management, property development, asset management, and operations.

The company’s activities have primarily focused on markets in the United States, particularly the Southwestern United States.