CaliberCos Inc. (NASDAQ:CWD – Get Free Report) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 20,200 shares, a drop of 27.3% from the January 31st total of 27,800 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 66,100 shares, the days-to-cover ratio is presently 0.3 days.
CaliberCos Stock Down 3.6 %
CWD stock opened at $0.58 on Monday. CaliberCos has a twelve month low of $0.37 and a twelve month high of $1.20. The company has a market cap of $13.06 million, a PE ratio of -1.16 and a beta of -1.05. The business’s 50-day simple moving average is $0.62 and its 200 day simple moving average is $0.60.
Institutional Investors Weigh In On CaliberCos
A number of institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its position in CaliberCos by 387.7% during the fourth quarter. Citadel Advisors LLC now owns 108,765 shares of the company’s stock worth $76,000 after buying an additional 86,462 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CaliberCos by 166.1% during the fourth quarter. Geode Capital Management LLC now owns 106,043 shares of the company’s stock valued at $74,000 after purchasing an additional 66,188 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its holdings in CaliberCos by 27.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 140,000 shares of the company’s stock valued at $98,000 after purchasing an additional 30,000 shares in the last quarter. 4.06% of the stock is owned by institutional investors and hedge funds.
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.
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