CaliberCos Inc. (NASDAQ:CWD) Sees Large Increase in Short Interest

CaliberCos Inc. (NASDAQ:CWD) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 436,688 shares, an increase of 216.8% from the June 30th total of 137,826 shares. Based on an average daily volume of 34,620,592 shares, the days-to-cover ratio is presently 0.0 days. Approximately 5.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CaliberCos in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

CaliberCos Price Performance

NASDAQ CWD opened at $0.51 on Wednesday. The stock’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $1.06. CaliberCos has a one year low of $0.48 and a one year high of $48.00. The firm has a market cap of $4.32 million, a PE ratio of -0.07 and a beta of -0.10.

CaliberCos (NASDAQ:CWD) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.27). The business had revenue of $4.29 million during the quarter, compared to the consensus estimate of $4.40 million. CaliberCos had a negative net margin of 122.65% and a negative return on equity of 160.62%. As a group, equities analysts expect that CaliberCos will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in CaliberCos in the 4th quarter valued at about $28,000. Jane Street Group LLC acquired a new position in shares of CaliberCos during the fourth quarter worth approximately $31,000. Finally, Geode Capital Management LLC acquired a new position in shares of CaliberCos during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 4.06% of the company’s stock.

CaliberCos Company Profile

Caliber (NASDAQ: CWD) is a vertically integrated alternative asset management firm whose purpose is to build generational wealth for investors seeking to access opportunities in middle-market assets. Caliber differentiates itself by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments which are managed by our in-house asset services group. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities.