Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Sees Significant Decrease in Short Interest

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 252 shares, a decline of 69.6% from the August 15th total of 828 shares. Based on an average daily volume of 48,405 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Cal Redwood Acquisition

Several institutional investors have recently bought and sold shares of CRAQ. Verition Fund Management LLC grew its stake in Cal Redwood Acquisition by 1.6% during the 4th quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock worth $9,959,000 after buying an additional 15,265 shares during the last quarter. L1 Global Manager Pty Ltd acquired a new stake in Cal Redwood Acquisition in the fourth quarter worth about $507,000. Radcliffe Capital Management L.P. raised its position in shares of Cal Redwood Acquisition by 16.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after purchasing an additional 76,582 shares during the last quarter. Rivernorth Capital Management LLC raised its position in shares of Cal Redwood Acquisition by 33.6% in the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,015,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Millennium Management LLC grew its position in Cal Redwood Acquisition by 15.5% during the 4th quarter. Millennium Management LLC now owns 808,737 shares of the company’s stock worth $8,201,000 after purchasing an additional 108,737 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Cal Redwood Acquisition Price Performance

CRAQ stock traded up $0.08 during trading on Friday, reaching $10.47. 20,166 shares of the company traded hands, compared to its average volume of 49,779. The business has a 50 day simple moving average of $10.34 and a 200 day simple moving average of $10.27. Cal Redwood Acquisition has a 12 month low of $9.97 and a 12 month high of $10.40.

Cal Redwood Acquisition (NASDAQ:CRAQ) last announced its earnings results on Monday, August 17th. The company reported $0.06 EPS for the quarter. The firm had revenue of $2.11 million during the quarter.

Cal Redwood Acquisition Company Profile

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.