Calisa Acquisition Corp (NASDAQ:ALIS) Short Interest Down 95.9% in May

Calisa Acquisition Corp (NASDAQ:ALIS) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 245 shares, a decline of 95.9% from the May 14th total of 6,010 shares. Based on an average daily volume of 4,864 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Evercore Wealth Management LLC bought a new position in shares of Calisa Acquisition during the 1st quarter valued at approximately $166,000. Virtu Financial LLC bought a new position in shares of Calisa Acquisition during the 4th quarter valued at approximately $187,000. StoneX Group Inc. bought a new position in shares of Calisa Acquisition during the 4th quarter valued at approximately $837,000. Boothbay Fund Management LLC bought a new position in shares of Calisa Acquisition during the 4th quarter valued at approximately $894,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Calisa Acquisition during the 4th quarter valued at approximately $1,241,000.

Calisa Acquisition Trading Down 0.0%

Shares of NASDAQ:ALIS traded down $0.01 during mid-day trading on Tuesday, reaching $10.11. 5,321 shares of the company traded hands, compared to its average volume of 21,844. The stock’s 50 day simple moving average is $10.06. Calisa Acquisition has a 52 week low of $9.85 and a 52 week high of $10.11.

Calisa Acquisition (NASDAQ:ALIS) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Calisa Acquisition Company Profile

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.