CaliberCos Inc. (NASDAQ:CWD) Sees Large Increase in Short Interest

CaliberCos Inc. (NASDAQ:CWD) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 27,000 shares, a growth of 95.7% from the March 31st total of 13,800 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On CaliberCos

A hedge fund recently bought a new stake in CaliberCos stock. Fortitude Family Office LLC bought a new stake in CaliberCos Inc. (NASDAQ:CWD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,313 shares of the company’s stock, valued at approximately $62,000. Fortitude Family Office LLC owned 0.35% of CaliberCos at the end of the most recent quarter. Institutional investors own 4.06% of the company’s stock.

CaliberCos Price Performance

Shares of CWD traded up $0.02 during midday trading on Friday, hitting $0.81. The stock had a trading volume of 40,903 shares, compared to its average volume of 24,328. CaliberCos has a 1 year low of $0.77 and a 1 year high of $13.00. The firm has a market cap of $11.62 million and a PE ratio of -1.29. The stock’s 50 day moving average is $1.03 and its 200 day moving average is $1.26.

CaliberCos (NASDAQ:CWD) last announced its earnings results on Monday, April 15th. The company reported ($0.11) earnings per share for the quarter. CaliberCos had a negative net margin of 13.97% and a negative return on equity of 17.17%. The firm had revenue of $23.95 million during the quarter. As a group, equities research analysts expect that CaliberCos will post -0.45 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.