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

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 245 shares, a drop of 95.9% from the May 14th total of 6,010 shares. Based on an average daily volume of 4,864 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Calisa Acquisition

A number of hedge funds have recently added to or reduced their stakes in the company. Clear Street Group Inc. acquired a new stake in Calisa Acquisition during the fourth quarter valued at $3,985,000. Westchester Capital Management LLC purchased a new stake in shares of Calisa Acquisition in the fourth quarter valued at approximately $3,524,000. Sona Asset Management US LLC acquired a new position in shares of Calisa Acquisition during the 1st quarter worth approximately $3,531,000. Aristeia Capital L.L.C. acquired a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $3,078,000. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Calisa Acquisition during the 1st quarter valued at approximately $2,994,000.

Calisa Acquisition Stock Down 0.0%

Calisa Acquisition stock traded down $0.01 during midday trading on Thursday, hitting $10.11. 3,867 shares of the company were exchanged, compared to its average volume of 21,578. Calisa Acquisition has a fifty-two week low of $9.85 and a fifty-two week high of $10.11. The stock’s fifty day simple moving average is $10.06.

Calisa Acquisition (NASDAQ:ALIS) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) 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.