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

Calisa Acquisition Corp (NASDAQ:ALIS) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 4,158 shares, a growth of 374.7% from the June 30th total of 876 shares. Based on an average trading volume of 52,859 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Calisa Acquisition

Several institutional investors have recently modified their holdings of the business. Evercore Wealth Management LLC acquired a new position in shares of Calisa Acquisition in the 1st quarter valued at approximately $166,000. Virtu Financial LLC acquired a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $187,000. StoneX Group Inc. bought a new stake in shares of Calisa Acquisition in the 4th quarter valued at about $837,000. Boothbay Fund Management LLC acquired a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $894,000. Finally, Radcliffe Capital Management L.P. acquired a new position in shares of Calisa Acquisition in the fourth quarter valued at $1,241,000.

Calisa Acquisition Trading Up 0.1%

Shares of ALIS stock traded up $0.01 during mid-day trading on Friday, reaching $10.18. The stock had a trading volume of 307 shares, compared to its average volume of 25,500. Calisa Acquisition has a one year low of $9.85 and a one year high of $10.25. The company has a 50 day moving average of $10.13.

Calisa Acquisition (NASDAQ:ALIS) last released its quarterly earnings data 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.