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

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) was the recipient of a significant 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 days-to-cover ratio is presently 0.3 days.

Cal Redwood Acquisition Trading Down 0.3%

CRAQ traded down $0.04 during midday trading on Tuesday, hitting $10.31. The company had a trading volume of 10 shares, compared to its average volume of 39,343. Cal Redwood Acquisition has a twelve month low of $9.94 and a twelve month high of $10.35. The firm has a 50-day moving average price of $10.30.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ABC Arbitrage SA acquired a new position in shares of Cal Redwood Acquisition in the 4th quarter valued at $304,000. Wealthspring Capital LLC grew its stake in Cal Redwood Acquisition by 469.9% in the fourth quarter. Wealthspring Capital LLC now owns 441,520 shares of the company’s stock valued at $4,459,000 after acquiring an additional 364,040 shares during the period. L1 Global Manager Pty Ltd bought a new stake in Cal Redwood Acquisition during the 4th quarter worth approximately $507,000. Westchester Capital Management LLC increased its position in shares of Cal Redwood Acquisition by 30.0% during the fourth quarter. Westchester Capital Management LLC now owns 650,000 shares of the company’s stock worth $6,617,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in Cal Redwood Acquisition by 1.6% during the 4th quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock worth $9,959,000 after purchasing an additional 15,265 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research note on Monday, July 6th. 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”.

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.