CaliberCos Inc. (NASDAQ:CWD) Sees Significant Decline in Short Interest

CaliberCos Inc. (NASDAQ:CWD) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 70,465 shares, a decrease of 63.0% from the April 15th total of 190,667 shares. Based on an average trading volume of 84,480 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On CaliberCos

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

CaliberCos Price Performance

Shares of CaliberCos stock traded up $0.13 during trading hours on Thursday, hitting $1.12. The company had a trading volume of 262,713 shares, compared to its average volume of 126,480. The company’s 50-day moving average is $1.16 and its two-hundred day moving average is $1.56. CaliberCos has a twelve month low of $0.80 and a twelve month high of $48.00. The company has a market cap of $7.48 million, a P/E ratio of -0.10 and a beta of -0.28.

CaliberCos (NASDAQ:CWD) last announced its quarterly earnings results on Wednesday, March 25th. The company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.85). CaliberCos had a negative return on equity of 390.11% and a negative net margin of 108.46%.The company had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.13 million. Sell-side analysts expect that CaliberCos will post -0.49 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CaliberCos in a research report on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

CaliberCos Company Profile

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.