CaliberCos Inc. (NASDAQ:CWD) Sees Significant Growth in Short Interest

CaliberCos Inc. (NASDAQ:CWD) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 136,944 shares, an increase of 94.3% from the April 30th total of 70,465 shares. Based on an average daily trading volume, of 447,182 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.8% of the company’s stock are short sold.

CaliberCos Trading Down 7.9%

CWD opened at $0.92 on Tuesday. CaliberCos has a 1-year low of $0.80 and a 1-year high of $48.00. The company has a market capitalization of $7.80 million, a PE ratio of -0.12 and a beta of -0.25. The firm’s 50 day simple moving average is $1.06 and its two-hundred day simple moving average is $1.37.

CaliberCos (NASDAQ:CWD) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.27). CaliberCos had a negative return on equity of 160.62% and a negative net margin of 122.65%.The business had revenue of $4.29 million during the quarter, compared to the consensus estimate of $4.40 million. Equities analysts forecast that CaliberCos will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of CaliberCos

Several institutional investors and hedge funds have recently modified their holdings of CWD. Geode Capital Management LLC bought a new stake in shares of CaliberCos during the 4th quarter valued at $39,000. Jane Street Group LLC bought a new stake in shares of CaliberCos during the 4th quarter valued at $31,000. Finally, XTX Topco Ltd bought a new stake in CaliberCos in the 4th quarter valued at $28,000. 4.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CaliberCos in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

CaliberCos Company Profile

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. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities.