Short Interest in Calisa Acquisition Corp (NASDAQ:ALIS) Expands By 253.9%

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

Calisa Acquisition Trading Up 0.3%

Shares of NASDAQ:ALIS traded up $0.03 during trading on Friday, reaching $10.31. The company had a trading volume of 426 shares, compared to its average volume of 28,211. Calisa Acquisition has a twelve month low of $9.85 and a twelve month high of $10.40. The firm’s fifty day moving average is $10.20 and its 200 day moving average is $10.11.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Calisa Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of ALIS. Evercore Wealth Management LLC purchased a new stake in shares of Calisa Acquisition during the first quarter valued at $166,000. Virtu Financial LLC purchased a new position in shares of Calisa Acquisition during the fourth quarter valued at $187,000. Harraden Circle Investments LLC acquired a new position in Calisa Acquisition during the second quarter valued at $256,000. StoneX Group Inc. acquired a new position in Calisa Acquisition during the fourth quarter valued at $837,000. Finally, Boothbay Fund Management LLC purchased a new stake in Calisa Acquisition in the 4th quarter worth about $894,000.

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.