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

Calisa Acquisition Corp (NASDAQ:ALIS) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,851 shares, an increase of 253.9% from the August 15th total of 523 shares. Based on an average trading volume of 4,366 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

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

Calisa Acquisition Stock Up 0.3%

NASDAQ:ALIS traded up $0.03 during trading hours on Friday, hitting $10.31. 426 shares of the company were exchanged, compared to its average volume of 28,211. Calisa Acquisition has a 52-week low of $9.85 and a 52-week high of $10.40. The company’s 50 day moving average price is $10.20 and its 200-day moving average price is $10.11.

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

Institutional Investors Weigh In On Calisa Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALIS. Harraden Circle Investments LLC acquired a new stake in shares of Calisa Acquisition during the second quarter valued at about $256,000. Rivernorth Capital Management LLC acquired a new stake in shares of Calisa Acquisition in the first quarter valued at $2,994,000. Evercore Wealth Management LLC acquired a new stake in shares of Calisa Acquisition in the first quarter valued at $166,000. Sona Asset Management US LLC purchased a new stake in shares of Calisa Acquisition in the 1st quarter valued at $3,531,000. Finally, Berkley W R Corp lifted its stake in Calisa Acquisition by 32.2% during the 1st quarter. Berkley W R Corp now owns 196,716 shares of the company’s stock worth $1,968,000 after acquiring an additional 47,931 shares in the last 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.