CaliberCos Inc. (NASDAQ:CWD) Short Interest Up 21.9% in March
by Kim Johansen · The Markets DailyCaliberCos Inc. (NASDAQ:CWD – Get Free Report) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 68,722 shares, an increase of 21.9% from the February 26th total of 56,379 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 59,227 shares, the short-interest ratio is presently 1.2 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CaliberCos in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.
View Our Latest Report on CaliberCos
Institutional Trading of CaliberCos
Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC acquired a new position in shares of CaliberCos during the 4th quarter worth approximately $39,000. Jane Street Group LLC acquired a new stake in CaliberCos during the 4th quarter valued at $31,000. XTX Topco Ltd bought a new position in CaliberCos during the fourth quarter worth $28,000. Finally, Brookwood Investment Group LLC bought a new position in CaliberCos during the third quarter worth $51,000. 4.06% of the stock is owned by institutional investors and hedge funds.
CaliberCos Price Performance
NASDAQ:CWD traded down $0.16 on Wednesday, hitting $1.00. 117,632 shares of the company’s stock were exchanged, compared to its average volume of 76,936. The firm has a 50-day moving average price of $1.27 and a 200-day moving average price of $2.34. The company has a market cap of $6.65 million, a P/E ratio of -0.09 and a beta of -0.29. CaliberCos has a 52 week low of $0.97 and a 52 week high of $48.00.
CaliberCos (NASDAQ:CWD – Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.85). The company had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.13 million. CaliberCos had a negative return on equity of 390.11% and a negative net margin of 108.46%. On average, research analysts expect that CaliberCos will post -0.38 earnings per share for the current fiscal year.
About CaliberCos
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.