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

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,851 shares, an increase of 253.9% from the August 15th total of 523 shares. Based on an average daily trading volume, of 4,366 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Calisa Acquisition

Large investors have recently bought and sold shares of the business. Clear Street Group Inc. purchased a new position in shares of Calisa Acquisition in the 4th quarter worth $3,985,000. Westchester Capital Management LLC bought a new stake in Calisa Acquisition during the fourth quarter worth approximately $3,524,000. Sona Asset Management US LLC bought a new stake in Calisa Acquisition during the first quarter worth approximately $3,531,000. Aristeia Capital L.L.C. purchased a new stake in Calisa Acquisition during the fourth quarter valued at approximately $3,078,000. Finally, Rivernorth Capital Management LLC purchased a new stake in Calisa Acquisition during the first quarter valued at approximately $2,994,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Calisa Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Calisa Acquisition Price Performance

Shares of NASDAQ:ALIS traded up $0.02 during mid-day trading on Monday, reaching $10.36. The stock had a trading volume of 3,766 shares, compared to its average volume of 27,994. The business’s 50 day moving average price is $10.20 and its 200 day moving average price is $10.11. Calisa Acquisition has a 1 year low of $9.85 and a 1 year high of $10.40.

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

About Calisa Acquisition

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.