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

Calisa Acquisition Corp (NASDAQ:ALIS) was the target of a significant growth in short interest in 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 days-to-cover ratio is currently 0.4 days.

Calisa Acquisition Stock Up 0.3%

Shares of ALIS stock traded up $0.03 during trading hours on Friday, reaching $10.31. 426 shares of the stock were exchanged, compared to its average volume of 28,211. The business’s fifty day moving average is $10.20 and its two-hundred day moving average is $10.11. Calisa Acquisition has a 12-month low of $9.85 and a 12-month high of $10.40.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of 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, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Calisa Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evercore Wealth Management LLC acquired a new position in shares of Calisa Acquisition during the 1st quarter worth about $166,000. Virtu Financial LLC acquired a new stake in Calisa Acquisition during the fourth quarter worth approximately $187,000. Harraden Circle Investments LLC purchased a new position in shares of Calisa Acquisition in the 2nd quarter valued at $256,000. StoneX Group Inc. purchased a new stake in Calisa Acquisition in the fourth quarter valued at $837,000. Finally, Boothbay Fund Management LLC purchased a new stake in Calisa Acquisition in the fourth quarter valued at $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.