Cal Redwood Acquisition Corp. (NASDAQ:CRAQ – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 244 shares, a decline of 55.8% from the September 15th total of 552 shares. Based on an average daily trading volume, of 45,995 shares, the days-to-cover ratio is currently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Cal Redwood Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Stock Report on Cal Redwood Acquisition
Cal Redwood Acquisition Stock Up 0.1%
Cal Redwood Acquisition (NASDAQ:CRAQ – Get Free Report) last posted its quarterly earnings results on Monday, August 17th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $2.11 million during the quarter.
Institutional Investors Weigh In On Cal Redwood Acquisition
A number of hedge funds have recently added to or reduced their stakes in the stock. Sona Asset Management US LLC acquired a new position in Cal Redwood Acquisition during the 1st quarter valued at about $3,086,000. Lineage Point Capital LP bought a new position in Cal Redwood Acquisition in the 4th quarter valued at about $2,846,000. Finally, Radcliffe Capital Management L.P. boosted its holdings in shares of Cal Redwood Acquisition by 16.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 545,628 shares of the company’s stock valued at $5,524,000 after acquiring an additional 76,582 shares in the last quarter.
Cal Redwood Acquisition Company Profile
Cal Redwood Acquisition Corp. (NASDAQ: CRAQ) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Potential transactions may include a merger, stock exchange, asset acquisition, reorganization or similar corporate combination.
As a SPAC, Cal Redwood Acquisition does not operate a conventional business or currently offer products and services to customers. Its activities are primarily focused on evaluating potential acquisition targets and completing a transaction that would allow a private company to become publicly traded.
Information about a completed operating combination, specific target industries, geographic markets and company leadership is limited.
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