Calisa Acquisition Corp (NASDAQ:ALIS) Short Interest Up 160.4% in June

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 638 shares, an increase of 160.4% from the May 31st total of 245 shares. Based on an average daily volume of 22,203 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Calisa Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clear Street Group Inc. bought a new position in shares of Calisa Acquisition during the fourth quarter valued at approximately $3,985,000. Westchester Capital Management LLC bought a new stake in shares of Calisa Acquisition in the 4th quarter worth approximately $3,524,000. Sona Asset Management US LLC purchased a new stake in shares of Calisa Acquisition in the 1st quarter worth approximately $3,531,000. Aristeia Capital L.L.C. bought a new position in Calisa Acquisition during the 4th quarter valued at approximately $3,078,000. Finally, Rivernorth Capital Management LLC bought a new position in Calisa Acquisition during the 1st 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 (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Calisa Acquisition Stock Up 0.0%

ALIS stock traded up $0.00 during midday trading on Tuesday, hitting $10.15. The stock had a trading volume of 8,079 shares, compared to its average volume of 18,965. The stock’s 50-day moving average price is $10.09. Calisa Acquisition has a 52-week low of $9.85 and a 52-week high of $10.19.

Calisa Acquisition (NASDAQ:ALIS) last announced its earnings results on Wednesday, March 25th. The company reported $0.11 EPS 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.