CaliberCos Inc. (NASDAQ:CWD) Short Interest Down 88.0% in August

CaliberCos Inc. (NASDAQ:CWD) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 3,200 shares, a decrease of 88.0% from the August 15th total of 26,600 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On CaliberCos

A hedge fund recently bought a new stake in CaliberCos stock. Koshinski Asset Management Inc. purchased a new position in CaliberCos Inc. (NASDAQ:CWD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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. 4.06% of the stock is owned by institutional investors and hedge funds.

CaliberCos Stock Performance

CWD traded down $0.05 on Thursday, reaching $0.61. 29,762 shares of the company’s stock were exchanged, compared to its average volume of 26,276. The company’s 50 day moving average is $0.66 and its 200-day moving average is $0.86. The company has a market cap of $13.31 million, a price-to-earnings ratio of -0.82 and a beta of 0.84. CaliberCos has a twelve month low of $0.50 and a twelve month high of $1.74.

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

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.