Short Interest in CaliberCos Inc. (NASDAQ:CWD) Increases By 106.5%

CaliberCos Inc. (NASDAQ:CWD) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 202,200 shares, a growth of 106.5% from the September 30th total of 97,900 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 55,600 shares, the short-interest ratio is currently 3.6 days.

CaliberCos Stock Performance

NASDAQ:CWD traded up $0.01 during mid-day trading on Friday, reaching $0.68. The stock had a trading volume of 18,051 shares, compared to its average volume of 33,182. The firm has a market capitalization of $14.79 million, a price-to-earnings ratio of -0.92 and a beta of 0.84. The business has a 50 day simple moving average of $0.64 and a 200 day simple moving average of $0.76. CaliberCos has a twelve month low of $0.50 and a twelve month high of $1.74.

CaliberCos (NASDAQ:CWD) last released 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). The business had revenue of $8.18 million during the quarter. CaliberCos had a negative return on equity of 17.74% and a negative net margin of 19.84%. As a group, sell-side analysts expect that CaliberCos will post -0.57 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CaliberCos stock. Koshinski Asset Management Inc. lifted its position in shares of CaliberCos Inc. (NASDAQ:CWD) by 90.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,000 shares of the company’s stock after buying an additional 52,094 shares during the quarter. Koshinski Asset Management Inc. owned approximately 0.50% of CaliberCos worth $69,000 at the end of the most recent quarter. 4.06% of the stock is owned by institutional investors and hedge funds.

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.