Calisa Acquisition Corp (NASDAQ:ALIS) Short Interest Down 95.9% in May

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 245 shares, a decline of 95.9% from the May 14th total of 6,010 shares. Based on an average trading volume of 4,864 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Calisa Acquisition Stock Down 0.0%

Shares of NASDAQ ALIS opened at $10.11 on Wednesday. Calisa Acquisition has a 1-year low of $9.85 and a 1-year high of $10.11. The stock has a 50-day moving average of $10.06.

Calisa Acquisition (NASDAQ:ALIS) last issued its earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share for the quarter.

Institutional Investors Weigh In On Calisa Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC purchased a new stake in shares of Calisa Acquisition in the first quarter worth about $2,994,000. Evercore Wealth Management LLC purchased a new stake in shares of Calisa Acquisition in the first quarter worth about $166,000. Sona Asset Management US LLC purchased a new stake in shares of Calisa Acquisition in the first quarter worth about $3,531,000. Berkley W R Corp boosted its position in shares of Calisa Acquisition by 32.2% in the first quarter. Berkley W R Corp now owns 196,716 shares of the company’s stock worth $1,968,000 after buying an additional 47,931 shares during the period. Finally, Lineage Point Capital LP purchased a new stake in shares of Calisa Acquisition in the fourth quarter worth about $2,392,000.

Calisa Acquisition Company Profile

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.