Calisa Acquisition Corp (NASDAQ:ALIS) Stock Short Interest Drops 91.9%

Calisa Acquisition Corp (NASDAQ:ALIS) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 127 shares, a decrease of 91.9% from the September 15th total of 1,566 shares. Based on an average trading volume of 28,178 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Calisa Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the company. Clear Street Group Inc. purchased a new stake in Calisa Acquisition during the 4th quarter worth about $3,985,000. Sona Asset Management US LLC purchased a new position in shares of Calisa Acquisition in the 1st quarter valued at about $3,531,000. Aristeia Capital L.L.C. purchased a new position in shares of Calisa Acquisition in the 4th quarter valued at about $3,078,000. Rivernorth Capital Management LLC acquired a new stake in shares of Calisa Acquisition during the 1st quarter worth about $2,994,000. Finally, Lineage Point Capital LP purchased a new stake in Calisa Acquisition during the fourth quarter worth approximately $2,392,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Calisa Acquisition Stock Up 3.8%

Shares of NASDAQ:ALIS opened at $10.07 on Friday. Calisa Acquisition has a fifty-two week low of $9.20 and a fifty-two week high of $14.91. The firm’s 50 day moving average price is $10.28 and its 200 day moving average price is $10.16.

Calisa Acquisition (NASDAQ:ALIS) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.04 EPS for the quarter.

Calisa Acquisition Company Profile

Calisa Acquisition Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more operating businesses.

Unlike an operating company, Calisa Acquisition does not have a portfolio of products or services and does not conduct substantial commercial operations of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company is incorporated in the Cayman Islands and trades on the Nasdaq under the symbol ALIS.