Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Sees Large Increase in Short Interest

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 552 shares, an increase of 119.0% from the August 31st total of 252 shares. Based on an average daily trading volume, of 65,488 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Cal Redwood Acquisition

Several institutional investors have recently made changes to their positions in the stock. Radcliffe Capital Management L.P. grew its stake in shares of 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. Sona Asset Management US LLC bought a new stake in Cal Redwood Acquisition in the 1st quarter valued at about $3,086,000. Lineage Point Capital LP acquired a new position in Cal Redwood Acquisition during the 4th quarter worth approximately $2,846,000. Finally, L1 Global Manager Pty Ltd acquired a new position in Cal Redwood Acquisition during the 4th quarter worth approximately $507,000.

Cal Redwood Acquisition Trading Up 0.9%

CRAQ stock traded up $0.10 during mid-day trading on Friday, reaching $10.49. The company’s stock had a trading volume of 374,503 shares, compared to its average volume of 54,220. Cal Redwood Acquisition has a 12 month low of $9.99 and a 12 month high of $10.40. The business’s 50 day moving average price is $10.35 and its 200 day moving average price is $10.28.

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

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 research note on Monday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus 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.