Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Sees Large Increase in Short Interest

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 552 shares, an increase of 119.0% from the August 31st total of 252 shares. Based on an average trading volume of 65,488 shares, the days-to-cover ratio is currently 0.0 days.

Cal Redwood Acquisition Trading Up 0.9%

Shares of CRAQ traded up $0.10 on Friday, reaching $10.49. The company’s stock had a trading volume of 374,503 shares, compared to its average volume of 54,220. Cal Redwood Acquisition has a twelve month low of $9.99 and a twelve month high of $10.40. The firm has a fifty day moving average of $10.35 and a 200-day moving average of $10.28.

Cal Redwood Acquisition (NASDAQ:CRAQ) last released its quarterly earnings results on Monday, August 17th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $2.11 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Cal Redwood Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of CRAQ. Radcliffe Capital Management L.P. lifted its stake in Cal Redwood Acquisition by 16.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after acquiring an additional 76,582 shares in the last quarter. Sona Asset Management US LLC bought a new stake in shares of Cal Redwood Acquisition in the 1st quarter worth $3,086,000. Lineage Point Capital LP purchased a new stake in shares of Cal Redwood Acquisition in the fourth quarter valued at about $2,846,000. Finally, L1 Global Manager Pty Ltd purchased a new stake in shares of Cal Redwood Acquisition in the fourth quarter valued at about $507,000.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.