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

CaliberCos Inc. (NASDAQ:CWD) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 202,200 shares, a growth of 106.5% from the September 30th total of 97,900 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 55,600 shares, the days-to-cover ratio is currently 3.6 days.

CaliberCos Price Performance

CaliberCos stock traded up $0.01 during midday trading on Friday, hitting $0.68. The company’s stock had a trading volume of 18,051 shares, compared to its average volume of 33,182. CaliberCos has a 1-year low of $0.50 and a 1-year high of $1.74. The company has a 50-day moving average price of $0.64 and a two-hundred day moving average price of $0.76. The company has a market cap of $14.79 million, a price-to-earnings ratio of -0.92 and a beta of 0.84.

CaliberCos (NASDAQ:CWD) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.11). CaliberCos had a negative return on equity of 17.74% and a negative net margin of 19.84%. The business had revenue of $8.18 million during the quarter. Sell-side analysts forecast that CaliberCos will post -0.57 EPS for the current year.

Hedge Funds Weigh In On CaliberCos

A hedge fund recently bought a new stake in CaliberCos stock. Koshinski Asset Management Inc. bought a new stake in CaliberCos Inc. (NASDAQ:CWD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,000 shares of the company’s stock, valued at approximately $25,000. Koshinski Asset Management Inc. owned 0.17% of CaliberCos as of its most recent SEC filing. Institutional investors and hedge funds 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.