Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) Shares Shorted: Short Interest Up 119.0% in September

Cal Redwood Acquisition Corp. (NASDAQ:CRAQ) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 552 shares, an increase of 119.0% from the August 31st total of 252 shares. Based on an average daily volume of 65,488 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Cal Redwood Acquisition

Large investors have recently bought and sold shares of the stock. L1 Global Manager Pty Ltd purchased a new position in shares of Cal Redwood Acquisition in the fourth quarter worth $507,000. Lineage Point Capital LP purchased a new stake in shares of Cal Redwood Acquisition during the fourth quarter valued at $2,846,000. Sona Asset Management US LLC acquired a new position in shares of Cal Redwood Acquisition in the 1st quarter valued at $3,086,000. Finally, Radcliffe Capital Management L.P. increased 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 acquiring an additional 76,582 shares during the period.

Cal Redwood Acquisition Stock Up 0.5%

Shares of Cal Redwood Acquisition stock traded up $0.05 during trading on Tuesday, reaching $10.45. The company’s stock had a trading volume of 374,503 shares, compared to its average volume of 54,220. Cal Redwood Acquisition has a 1-year low of $9.99 and a 1-year high of $10.40. The company has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $10.28.

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

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Cal Redwood Acquisition Company Profile

Cal Redwood Acquisition Corp. (NASDAQ: CRAQ) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Potential transactions may include a merger, stock exchange, asset acquisition, reorganization or similar corporate combination.

As a SPAC, Cal Redwood Acquisition does not operate a conventional business or currently offer products and services to customers. Its activities are primarily focused on evaluating potential acquisition targets and completing a transaction that would allow a private company to become publicly traded.

Information about a completed operating combination, specific target industries, geographic markets and company leadership is limited.