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. Based on an average daily trading volume, of 30,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

CaliberCos Price Performance

CWD traded down $0.05 during trading hours on Thursday, hitting $0.61. 29,762 shares of the stock were exchanged, compared to its average volume of 26,276. The stock has a 50-day simple moving average of $0.66 and a 200-day simple moving average of $0.86. CaliberCos has a 12 month low of $0.50 and a 12 month high of $1.74. The stock has a market cap of $13.31 million, a price-to-earnings ratio of -0.82 and a beta of 0.84.

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

Institutional Investors Weigh In On CaliberCos

A hedge fund recently bought a new stake in CaliberCos stock. Koshinski Asset Management Inc. bought a new position in CaliberCos Inc. (NASDAQ:CWD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,000 shares of the company’s stock, valued at approximately $25,000. Koshinski Asset Management Inc. owned 0.17% of CaliberCos at the end of the most recent reporting period. Hedge funds and other institutional investors 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.