Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Short Interest Down 69.6% in August

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 252 shares, a decline of 69.6% from the August 15th total of 828 shares. Based on an average daily volume of 48,405 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 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, Cal Redwood Acquisition presently has an average rating of “Sell”.

Institutional Investors Weigh In On Cal Redwood Acquisition

A number of large investors have recently modified their holdings of the business. Verition Fund Management LLC raised its position in shares of Cal Redwood Acquisition by 1.6% during the 4th quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock valued at $9,959,000 after buying an additional 15,265 shares during the period. L1 Global Manager Pty Ltd acquired a new stake in shares of Cal Redwood Acquisition during the fourth quarter worth about $507,000. Radcliffe Capital Management L.P. boosted its position in Cal Redwood Acquisition by 16.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after buying an additional 76,582 shares during the period. Rivernorth Capital Management LLC grew its stake in Cal Redwood Acquisition by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Cal Redwood Acquisition by 15.5% during the fourth quarter. Millennium Management LLC now owns 808,737 shares of the company’s stock worth $8,201,000 after buying an additional 108,737 shares during the period.

Cal Redwood Acquisition Stock Performance

Shares of CRAQ stock traded up $0.08 on Friday, hitting $10.47. The stock had a trading volume of 20,166 shares, compared to its average volume of 49,779. The business has a 50 day moving average price of $10.34 and a 200 day moving average price of $10.27. Cal Redwood Acquisition has a one year low of $9.97 and a one year high of $10.40.

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

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.