Short Interest in CaliberCos Inc. (NASDAQ:CWD) Expands By 21.9%

CaliberCos Inc. (NASDAQ:CWD) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 68,722 shares, an increase of 21.9% from the February 26th total of 56,379 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 59,227 shares, the days-to-cover ratio is presently 1.2 days.

CaliberCos Price Performance

Shares of NASDAQ:CWD traded down $0.03 during midday trading on Monday, reaching $1.09. The company had a trading volume of 55,437 shares, compared to its average volume of 76,222. The stock has a market capitalization of $7.27 million, a P/E ratio of -0.10 and a beta of -0.29. The stock’s fifty day moving average price is $1.28 and its 200-day moving average price is $2.43. CaliberCos has a one year low of $1.05 and a one year high of $48.00.

CaliberCos (NASDAQ:CWD) last announced its quarterly earnings data on Wednesday, March 25th. The company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.85). The company had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.13 million. CaliberCos had a negative return on equity of 390.11% and a negative net margin of 108.46%. As a group, sell-side analysts forecast that CaliberCos will post -0.38 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CaliberCos in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CWD. Jane Street Group LLC acquired a new stake in shares of CaliberCos during the 4th quarter valued at approximately $31,000. Geode Capital Management LLC acquired a new stake in shares of CaliberCos during the fourth quarter worth $39,000. XTX Topco Ltd acquired a new position in shares of CaliberCos in the 4th quarter valued at about $28,000. Finally, Brookwood Investment Group LLC acquired a new stake in CaliberCos during the third quarter worth about $51,000. Institutional investors and hedge funds own 4.06% of the company’s stock.

About CaliberCos

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.