Calisa Acquisition Corp (NASDAQ:ALIS) Sees Large Decrease in Short Interest

Calisa Acquisition Corp (NASDAQ:ALIS) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 127 shares, a decline of 91.9% from the September 15th total of 1,566 shares. Based on an average trading volume of 28,178 shares, the days-to-cover ratio is currently 0.0 days.

Calisa Acquisition Trading Up 3.8%

Calisa Acquisition stock traded up $0.37 during midday trading on Friday, reaching $10.07. 14,185 shares of the stock traded hands, compared to its average volume of 34,326. Calisa Acquisition has a fifty-two week low of $9.20 and a fifty-two week high of $14.91. The firm has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $10.16.

Calisa Acquisition (NASDAQ:ALIS) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.04 EPS for the quarter.

Hedge Funds Weigh In On Calisa Acquisition

Several large investors have recently made changes to their positions in ALIS. Clear Street Group Inc. bought a new stake in shares of Calisa Acquisition in the 4th quarter worth approximately $3,985,000. Sona Asset Management US LLC bought a new position in shares of Calisa Acquisition in the first quarter valued at $3,531,000. Aristeia Capital L.L.C. acquired a new stake in shares of Calisa Acquisition during the 4th quarter valued at $3,078,000. Rivernorth Capital Management LLC bought a new stake in shares of Calisa Acquisition during the 1st quarter worth $2,994,000. Finally, Lineage Point Capital LP bought a new stake in shares of Calisa Acquisition during the 4th quarter worth $2,392,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Calisa Acquisition Company Profile

Calisa Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating businesses.

Unlike an operating company, Calisa Acquisition does not have a portfolio of products or services and does not conduct substantial commercial operations of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company is incorporated in the Cayman Islands and trades on the Nasdaq under the symbol ALIS.