CaliberCos Inc. (NASDAQ:CWD) Short Interest Down 28.2% in May

CaliberCos Inc. (NASDAQ:CWD) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 10,700 shares, a drop of 28.2% from the April 30th total of 14,900 shares. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.7% of the shares of the company are sold short.

CaliberCos Stock Up 2.1%

Shares of CWD stock traded up $0.08 during mid-day trading on Friday, reaching $3.70. The stock had a trading volume of 8,142 shares, compared to its average volume of 8,451. The firm’s 50 day simple moving average is $6.67 and its 200 day simple moving average is $9.93. CaliberCos has a one year low of $3.00 and a one year high of $20.80. The firm has a market cap of $3.44 million, a PE ratio of -7.39 and a beta of -0.45.

CaliberCos (NASDAQ:CWD) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($3.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($3.39). The firm had revenue of $7.26 million during the quarter, compared to the consensus estimate of $6.97 million. CaliberCos had a negative return on equity of 13.83% and a negative net margin of 16.19%. Sell-side analysts forecast that CaliberCos will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CaliberCos

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clark Capital Management Group Inc. bought a new position in CaliberCos in the 1st quarter valued at $78,000. Citadel Advisors LLC raised its position in CaliberCos by 387.7% in the 4th quarter. Citadel Advisors LLC now owns 108,765 shares of the company’s stock valued at $76,000 after purchasing an additional 86,462 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in CaliberCos by 166.1% in the 4th quarter. Geode Capital Management LLC now owns 106,043 shares of the company’s stock valued at $74,000 after purchasing an additional 66,188 shares during the last quarter. Institutional investors own 4.06% of the company’s stock.

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.