CaliberCos Inc. (NASDAQ:CWD) Stock Short Interest Climbs 54.4%

CaliberCos Inc. (NASDAQ:CWD) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 813,964 shares, an increase of 54.4% from the September 15th total of 527,346 shares. Based on an average daily trading volume, of 9,921,414 shares, the short-interest ratio is presently 0.1 days. Currently, 8.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CaliberCos in a research report on Thursday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

CaliberCos Price Performance

CWD traded down $0.03 during trading on Friday, reaching $0.41. The company had a trading volume of 104,722 shares, compared to its average volume of 5,567,346. The company has a market cap of $4.26 million, a P/E ratio of -0.11 and a beta of -0.10. CaliberCos has a 12 month low of $0.40 and a 12 month high of $3.75. The business’s fifty day moving average price is $0.54 and its 200 day moving average price is $0.76.

CaliberCos (NASDAQ:CWD) last announced its earnings results on Thursday, August 13th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.21). CaliberCos had a negative return on equity of 75.44% and a negative net margin of 117.34%. The company had revenue of $4.19 million during the quarter, compared to analyst estimates of $4.73 million.

CaliberCos Company Profile

CaliberCos Inc is an alternative asset management and real estate development company based in Arizona. Through its affiliated entities and investment funds, the company acquires, develops, renovates, and manages commercial real estate and other operating businesses.

Its portfolio and investment activities have included multifamily housing, office properties, hospitality assets, and other commercial real estate projects. CaliberCos generally seeks to create and manage private investment opportunities for accredited and institutional investors, with services spanning investment management, property development, asset management, and operations.

The company’s activities have primarily focused on markets in the United States, particularly the Southwestern United States.