Could Cai International Incorporated (NYSE:CAI) Change Direction After More Shorts?

July 6, 2017 - By Kurt Siggers

 Could Cai International Incorporated (NYSE:CAI) Change Direction After More Shorts?

The stock of Cai International Incorporated (NYSE:CAI) registered an increase of 3.62% in short interest. CAI’s total short interest was 374,600 shares in July as published by FINRA. Its up 3.62% from 361,500 shares, reported previously. With 119,000 shares average volume, it will take short sellers 3 days to cover their CAI’s short positions.

About 107,910 shares traded. CAI International Inc (NYSE:CAI) has risen 166.86% since July 6, 2016 and is uptrending. It has outperformed by 150.16% the S&P500.

CAI International, Inc. is a transportation finance and logistics company. The company has market cap of $463.32 million. The Firm purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. It has a 112.06 P/E ratio. The Firm operates through three divisions: container leasing, rail leasing and logistics.

CAI International Inc (NYSE:CAI) Ratings Coverage

Among 3 analysts covering CAI International (NYSE:CAI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. CAI International had 7 analyst reports since October 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, January 15 by Credit Suisse. The stock of CAI International Inc (NYSE:CAI) has “Market Perform” rating given on Friday, April 21 by Cowen & Co. On Friday, January 15 the stock rating was initiated by Keefe Bruyette & Woods with “Market Perform”. The firm has “Outperform” rating by Wood given on Tuesday, October 6.

More notable recent CAI International Inc (NYSE:CAI) news were published by: Nasdaq.com which released: “Can CAI International (CAI) Run Higher on Strong Earnings Estimate Revisions?” on June 22, 2017, also Seekingalpha.com with their article: “CAI International: Hitting Its Stride” published on April 24, 2017, Businesswire.com published: “CAI International, Inc. Announces Proposed Offering of $250 Million Aggregate …” on June 19, 2017. More interesting news about CAI International Inc (NYSE:CAI) were released by: Seekingalpha.com and their article: “CAI International’s 2017 Expected Benefits From Repositioning And Disposal” published on March 30, 2017 as well as Fool.com‘s news article titled: “Here’s Why CAI International Inc’s Stock Is Surging Today” with publication date: April 21, 2017.

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