Short Interest in CaliberCos Inc. (NASDAQ:CWD) Declines By 63.0%

CaliberCos Inc. (NASDAQ:CWD) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 70,465 shares, a drop of 63.0% from the April 15th total of 190,667 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 84,480 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of CaliberCos

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in CaliberCos during the 4th quarter worth about $28,000. Jane Street Group LLC acquired a new stake in shares of CaliberCos in the 4th quarter valued at about $31,000. Finally, Geode Capital Management LLC acquired a new stake in shares of CaliberCos in the 4th quarter valued at about $39,000. 4.06% of the stock is owned by hedge funds and other institutional investors.

CaliberCos Stock Performance

NASDAQ CWD traded down $0.12 during trading on Friday, reaching $1.00. 128,793 shares of the company’s stock were exchanged, compared to its average volume of 126,902. The stock has a market cap of $6.68 million, a P/E ratio of -0.13 and a beta of -0.28. The company has a 50 day moving average price of $1.16 and a two-hundred day moving average price of $1.54. CaliberCos has a 1 year low of $0.80 and a 1 year high of $48.00.

CaliberCos (NASDAQ:CWD) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.27). The business had revenue of $4.29 million for the quarter, compared to analysts’ expectations of $4.40 million. CaliberCos had a negative return on equity of 437.44% and a negative net margin of 122.65%. Research analysts forecast that CaliberCos will post -0.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CaliberCos in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

CaliberCos Company Profile

Caliber (NASDAQ: CWD) is a vertically integrated alternative asset management firm whose purpose is to build generational wealth for investors seeking to access opportunities in middle-market assets. Caliber differentiates itself by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments which are managed by our in-house asset services group. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities.