Carolina Financial Corporation (NASDAQ:CARO) Could Burn Your Long Portfolio After More Shorts

September 17, 2017 - By Linda Rogers

 Carolina Financial Corporation (NASDAQ:CARO) Could Burn Your Long Portfolio After More Shorts

The stock of Carolina Financial Corporation (NASDAQ:CARO) registered an increase of 25.59% in short interest. CARO’s total short interest was 811,800 shares in September as published by FINRA. Its up 25.59% from 646,400 shares, reported previously. With 70,500 shares average volume, it will take short sellers 12 days to cover their CARO’s short positions. The short interest to Carolina Financial Corporation’s float is 7.41%.

The stock increased 0.95% or $0.32 on September 15, reaching $34.01. About 160,183 shares traded or 155.26% up from the average. Carolina Financial Corp (NASDAQ:CARO) has risen 61.84% since September 17, 2016 and is uptrending. It has outperformed by 45.14% the S&P500.

Carolina Financial Corporation is a bank holding company. The company has market cap of $545.68 million. The Firm operates through CresCom Bank , a state-chartered commercial bank. It has a 18.89 P/E ratio. The Firm operates through three divisions: community banking, wholesale mortgage banking (mortgage banking) and other.

Carolina Financial Corp (NASDAQ:CARO) Ratings Coverage

Among 7 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Carolina Financial Corporation had 14 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, November 9 by Sandler O’Neill. Raymond James initiated Carolina Financial Corp (NASDAQ:CARO) on Friday, December 18 with “Strong Buy” rating. The firm has “Hold” rating by Stephens given on Thursday, July 20. The stock has “Equal-Weight” rating by Stephens on Friday, September 9. As per Wednesday, November 30, the company rating was initiated by Brean Capital. The stock of Carolina Financial Corp (NASDAQ:CARO) earned “Buy” rating by Brean Capital on Tuesday, June 13. Stephens maintained the stock with “Hold” rating in Monday, June 12 report. Raymond James downgraded the shares of CARO in report on Thursday, April 7 to “Outperform” rating. The firm has “Buy” rating by Brean Capital given on Wednesday, August 2. On Tuesday, June 13 the stock rating was upgraded by Raymond James to “Strong Buy”.

More notable recent Carolina Financial Corp (NASDAQ:CARO) news were published by: Nasdaq.com which released: “Carolina Financial Corporation (CARO) Ex-Dividend Date Scheduled for September …” on September 12, 2017, also Bizjournals.com with their article: “CEOs of Carolina Financial Corporation, First South tout acquisition deal” published on July 25, 2017, Bizjournals.com published: “Filing: First South had four suitors other than Carolina Financial Corporation” on September 11, 2017. More interesting news about Carolina Financial Corp (NASDAQ:CARO) were released by: Bizjournals.com and their article: “CEO: Carolina Financial Corporation buyout of First South driven by Triangle …” published on June 14, 2017 as well as Zacks.com‘s news article titled: “4 Reasons Why Carolina Financial is a Solid Pick Right Now” with publication date: September 07, 2017.

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