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

CaliberCos Inc. (NASDAQ:CWD) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 436,688 shares, a growth of 216.8% from the June 30th total of 137,826 shares. Currently, 5.6% of the shares of the company are short sold. Based on an average daily trading volume, of 34,620,592 shares, the days-to-cover ratio is presently 0.0 days.

CaliberCos Stock Performance

Shares of NASDAQ CWD opened at $0.56 on Monday. The company’s 50-day moving average price is $0.82 and its 200 day moving average price is $1.07. The stock has a market cap of $4.79 million, a price-to-earnings ratio of -0.07 and a beta of -0.10. CaliberCos has a 52 week low of $0.54 and a 52 week high of $48.00.

CaliberCos (NASDAQ:CWD) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.52) earnings per share (EPS) 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 company had revenue of $4.29 million for the quarter, compared to analyst estimates of $4.40 million. As a group, research analysts expect that CaliberCos will post -0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CaliberCos in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Hedge Funds Weigh In On CaliberCos

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in CaliberCos in the 4th quarter valued at $28,000. Jane Street Group LLC purchased a new position in CaliberCos in the fourth quarter valued at approximately $31,000. Finally, Geode Capital Management LLC purchased a new stake in CaliberCos during the fourth quarter worth approximately $39,000. 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. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities.