Calatlantic Group Incorporated (NYSE:CAA) Just Reported Decreased Shorts

September 17, 2017 - By Nellie Frank

 Calatlantic Group Incorporated (NYSE:CAA) Just Reported Decreased Shorts

The stock of Calatlantic Group Incorporated (NYSE:CAA) registered a decrease of 0.96% in short interest. CAA’s total short interest was 8.97M shares in September as published by FINRA. Its down 0.96% from 9.06M shares, reported previously. With 918,300 shares average volume, it will take short sellers 10 days to cover their CAA’s short positions.

The stock decreased 0.82% or $0.29 on September 15, reaching $34.95. About 1.61M shares traded or 91.91% up from the average. CalAtlantic Group Inc (NYSE:CAA) has risen 9.92% since September 17, 2016 and is uptrending. It has underperformed by 6.78% the S&P500.

CalAtlantic Group, Inc. is a diversified builder of single-family attached and detached homes. The company has market cap of $3.85 billion. The Firm operates through two divisions: homebuilding and financial services. It has a 9.72 P/E ratio. The homebuilding segment activities include acquiring and developing land, and constructing and selling single-family attached and detached homes.

CalAtlantic Group Inc (NYSE:CAA) Ratings Coverage

Among 12 analysts covering CalAtlantic Group (NYSE:CAA), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. CalAtlantic Group had 19 analyst reports since October 6, 2015 according to SRatingsIntel. Raymond James upgraded the shares of CAA in report on Friday, May 13 to “Outperform” rating. On Friday, July 29 the stock rating was maintained by UBS with “Neutral”. Bank of America upgraded the shares of CAA in report on Friday, August 12 to “Buy” rating. The rating was upgraded by Compass Point on Monday, October 19 to “Buy”. The stock of CalAtlantic Group Inc (NYSE:CAA) has “Outperform” rating given on Tuesday, December 15 by Credit Suisse. Barclays Capital initiated it with “Equal-Weight” rating and $44 target in Tuesday, October 13 report. FBR Capital maintained the stock with “Mkt Perform” rating in Monday, February 22 report. Credit Suisse maintained CalAtlantic Group Inc (NYSE:CAA) rating on Tuesday, October 6. Credit Suisse has “Neutral” rating and $45 target. The stock of CalAtlantic Group Inc (NYSE:CAA) has “Mkt Outperform” rating given on Friday, July 21 by JMP Securities. The firm earned “Outperform” rating on Tuesday, September 20 by Wedbush.

Another recent and important CalAtlantic Group Inc (NYSE:CAA) news was published by Nasdaq.com which published an article titled: “CalAtlantic Group, Inc. (CAA) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017.

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