Caleres Incorporated (NYSE:CAL)’s Trend Unknown, Especially After Increased Shorts

September 17, 2017 - By Adrian Erickson

 Caleres Incorporated (NYSE:CAL)’s Trend Unknown, Especially After Increased Shorts

The stock of Caleres Incorporated (NYSE:CAL) registered an increase of 35.38% in short interest. CAL’s total short interest was 2.20M shares in September as published by FINRA. Its up 35.38% from 1.62M shares, reported previously. With 744,900 shares average volume, it will take short sellers 3 days to cover their CAL’s short positions.

The stock increased 1.62% or $0.46 on September 15, reaching $28.82. About 621,436 shares traded or 35.38% up from the average. Caleres Inc (NYSE:CAL) has risen 11.45% since September 17, 2016 and is uptrending. It has underperformed by 5.25% the S&P500.

Caleres, Inc. is a global footwear retailer and wholesaler. The company has market cap of $1.24 billion. The Firm is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It has a 20.51 P/E ratio. The Firm operates through two divisions: Famous Footwear and Brand Portfolio.

Caleres Inc (NYSE:CAL) Ratings Coverage

Among 11 analysts covering Caleres (NYSE:CAL), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Caleres had 20 analyst reports since August 25, 2015 according to SRatingsIntel. The firm earned “Speculative Buy” rating on Friday, December 4 by Beaufort Securities. Beaufort Securities maintained the stock with “Speculative Buy” rating in Wednesday, January 6 report. On Wednesday, December 7 the stock rating was upgraded by Susquehanna to “Positive”. The stock of Caleres Inc (NYSE:CAL) has “Positive” rating given on Monday, May 16 by Susquehanna. On Friday, August 28 the stock rating was maintained by Buckingham Research with “Neutral”. Peel Hunt downgraded Caleres Inc (NYSE:CAL) on Friday, January 27 to “Neutral” rating. Panmure Gordon maintained the stock with “Buy” rating in Monday, September 21 report. The rating was initiated by BB&T Capital on Wednesday, January 27 with “Hold”. The stock of Caleres Inc (NYSE:CAL) has “Buy” rating given on Thursday, February 25 by Buckingham Research. Zacks downgraded the shares of CAL in report on Tuesday, August 25 to “Buy” rating.

More important recent Caleres Inc (NYSE:CAL) news were published by: Nasdaq.com which released: “Caleres, Inc. (CAL) Ex-Dividend Date Scheduled for September 15, 2017” on September 14, 2017, also Stltoday.com published article titled: “Caleres’ stock soars percent following strong 2Q”, Zacks.com published: “Caleres (CAL) Jumps: Stock Rises 6.7% August 23, 2017” on August 23, 2017. More interesting news about Caleres Inc (NYSE:CAL) was released by: Nasdaq.com and their article: “Caleres Inc. Reveals 4% Advance In Q2 Bottom Line” with publication date: August 29, 2017.

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