Calisa Acquisition Corp (NASDAQ:ALIS) Sees Large Decrease in Short Interest

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 127 shares, a decline of 91.9% from the September 15th total of 1,566 shares. Based on an average daily trading volume, of 28,178 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Calisa Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Calisa Acquisition has an average rating of “Sell”.

Hedge Funds Weigh In On Calisa Acquisition

Several institutional investors and hedge funds have recently modified their holdings of ALIS. Radcliffe Capital Management L.P. purchased a new stake in shares of Calisa Acquisition during the 4th quarter worth about $1,241,000. Lineage Point Capital LP acquired a new position in Calisa Acquisition in the fourth quarter worth approximately $2,392,000. Sona Asset Management US LLC bought a new position in Calisa Acquisition during the first quarter valued at approximately $3,531,000. Rivernorth Capital Management LLC bought a new stake in Calisa Acquisition in the first quarter worth approximately $2,994,000. Finally, Aristeia Capital L.L.C. acquired a new position in shares of Calisa Acquisition during the 4th quarter worth $3,078,000.

Calisa Acquisition Stock Performance

Shares of ALIS stock traded up $0.37 on Friday, reaching $10.07. 14,185 shares of the company’s stock traded hands, compared to its average volume of 34,326. Calisa Acquisition has a 12-month low of $9.20 and a 12-month high of $14.91. The business’s 50 day moving average price is $10.28 and its two-hundred day moving average price is $10.16.

Calisa Acquisition (NASDAQ:ALIS) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.04 EPS for the quarter.

Calisa Acquisition Company Profile

Calisa Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating businesses.

Unlike an operating company, Calisa Acquisition does not have a portfolio of products or services and does not conduct substantial commercial operations of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company is incorporated in the Cayman Islands and trades on the Nasdaq under the symbol ALIS.