Calisa Acquisition Corp (NASDAQ:ALIS) Sees Significant Growth in Short Interest

Calisa Acquisition Corp (NASDAQ:ALIS) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 4,158 shares, a growth of 374.7% from the June 30th total of 876 shares. Based on an average daily trading volume, of 52,859 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Calisa Acquisition

Large investors have recently modified their holdings of the stock. Evercore Wealth Management LLC bought a new stake in Calisa Acquisition in the first quarter valued at $166,000. Virtu Financial LLC purchased a new stake in Calisa Acquisition in the 4th quarter valued at about $187,000. StoneX Group Inc. bought a new stake in Calisa Acquisition during the fourth quarter worth $837,000. Boothbay Fund Management LLC purchased a new position in Calisa Acquisition in the fourth quarter valued at about $894,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of Calisa Acquisition during the 4th quarter valued at $1,241,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Calisa Acquisition Trading Up 0.1%

Shares of ALIS stock traded up $0.01 during mid-day trading on Friday, reaching $10.18. 307 shares of the stock traded hands, compared to its average volume of 25,500. The business has a fifty day moving average price of $10.13. Calisa Acquisition has a 1-year low of $9.85 and a 1-year high of $10.25.

Calisa Acquisition (NASDAQ:ALIS) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter.

About Calisa Acquisition

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.