Could Caleres Inc (NYSE:CAL) Go Up After Its Newest Short Interest Report?

June 24, 2018 - By Adrian Erickson

Caleres, Inc. (NYSE:CAL) Logo

The stock of Caleres Inc (NYSE:CAL) registered an increase of 49.73% in short interest. CAL’s total short interest was 2.35M shares in June as published by FINRA. Its up 49.73% from 1.57 million shares, reported previously. With 323,000 shares average volume, it will take short sellers 7 days to cover their CAL’s short positions. The short interest to Caleres Inc’s float is 5.63%.

The stock decreased 0.86% or $0.31 during the last trading session, reaching $35.69. About 1.14 million shares traded or 157.95% up from the average. Caleres, Inc. (NYSE:CAL) has risen 45.25% since June 24, 2017 and is uptrending. It has outperformed by 32.68% the S&P500.

Caleres, Inc., a footwear company, retails and wholesales footwear. The company has market cap of $1.54 billion. The firm operates through Famous Footwear and Brand Portfolio divisions. It has a 17.24 P/E ratio. It offers licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.

Caleres, Inc. (NYSE:CAL) Ratings Coverage

Among 5 analysts covering Caleres (NYSE:CAL), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Caleres had 5 analyst reports since January 23, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, June 7 by Loop Capital Markets. On Wednesday, March 14 the stock rating was maintained by Jefferies with “Hold”. The company was downgraded on Tuesday, January 23 by Susquehanna. The stock of Caleres, Inc. (NYSE:CAL) has “Buy” rating given on Wednesday, March 14 by Buckingham Research.

More recent Caleres, Inc. (NYSE:CAL) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for Life Storage, Tabula Rasa Healthcare, CareTrust REIT, AECOM, Caleres …” on June 19, 2018. Also Streetinsider.com published the news titled: “UPDATE: Needham & Company Starts Caleres (CAL) at Hold” on June 21, 2018. Businesswire.com‘s news article titled: “Caleres Reports First Quarter 2018 Results” with publication date: May 31, 2018 was also an interesting one.

Caleres, Inc. (NYSE:CAL) Ratings Chart

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