Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Short Interest Up 133.7% in July

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 769 shares, a growth of 133.7% from the June 30th total of 329 shares. Based on an average daily trading volume, of 3,018 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cal Redwood Acquisition in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Cal Redwood Acquisition Price Performance

CRAQ stock traded down $0.04 during trading hours on Tuesday, reaching $10.31. The stock had a trading volume of 10 shares, compared to its average volume of 39,343. The company’s 50-day moving average is $10.30. Cal Redwood Acquisition has a fifty-two week low of $9.94 and a fifty-two week high of $10.35.

Cal Redwood Acquisition (NASDAQ:CRAQ) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $2.32 million for the quarter.

Hedge Funds Weigh In On Cal Redwood Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of CRAQ. ABC Arbitrage SA acquired a new position in Cal Redwood Acquisition during the fourth quarter worth approximately $304,000. L1 Global Manager Pty Ltd bought a new position in shares of Cal Redwood Acquisition during the 4th quarter worth approximately $507,000. Readystate Asset Management LP bought a new position in shares of Cal Redwood Acquisition during the 4th quarter worth approximately $2,341,000. Lineage Point Capital LP acquired a new position in shares of Cal Redwood Acquisition during the 4th quarter worth approximately $2,846,000. Finally, Sona Asset Management US LLC acquired a new position in shares of Cal Redwood Acquisition during the 1st quarter worth approximately $3,086,000.

Cal Redwood Acquisition Company Profile

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.