Calisa Acquisition Corp (NASDAQ:ALIS) Short Interest Update

Calisa Acquisition Corp (NASDAQ:ALIS) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 523 shares, a decrease of 83.9% from the July 30th total of 3,243 shares. Based on an average trading volume of 62,117 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Calisa Acquisition

A number of hedge funds have recently modified their holdings of the stock. Evercore Wealth Management LLC purchased a new stake in shares of Calisa Acquisition during the first quarter worth $166,000. Virtu Financial LLC acquired a new position in Calisa Acquisition in the 4th quarter worth about $187,000. Harraden Circle Investments LLC acquired a new position in Calisa Acquisition in the 2nd quarter worth about $256,000. StoneX Group Inc. purchased a new stake in shares of Calisa Acquisition during the 4th quarter worth about $837,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Calisa Acquisition during the 4th quarter worth about $894,000.

Calisa Acquisition Price Performance

NASDAQ ALIS opened at $10.22 on Wednesday. The company has a 50 day simple moving average of $10.17 and a 200-day simple moving average of $10.08. Calisa Acquisition has a 52-week low of $9.85 and a 52-week high of $10.25.

Calisa Acquisition (NASDAQ:ALIS) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 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 data from MarketBeat, Calisa Acquisition presently has an average rating of “Sell”.

About Calisa Acquisition

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.