What Will Happen to Carolina Financial Corporation (NASDAQ:CARO) Next? The Stock Has Increase in Shorts

September 17, 2017 - By Louis Casey

 What Will Happen to Carolina Financial Corporation (NASDAQ:CARO) Next? The Stock Has Increase in 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 firm earned “Buy” rating on Friday, July 7 by Keefe Bruyette & Woods. The firm has “Buy” rating by Sandler O’Neill given on Wednesday, November 9. The stock of Carolina Financial Corp (NASDAQ:CARO) has “Hold” rating given on Monday, June 12 by Stephens. The company was initiated on Friday, September 9 by Stephens. As per Friday, December 18, the company rating was initiated by Raymond James. Brean Capital upgraded the stock to “Buy” rating in Tuesday, June 13 report. The firm earned “Buy” rating on Wednesday, August 2 by Brean Capital. The rating was downgraded by Raymond James to “Outperform” on Thursday, April 7. As per Tuesday, June 13, the company rating was upgraded by Raymond James. The stock of Carolina Financial Corp (NASDAQ:CARO) has “Hold” rating given on Thursday, July 20 by Stephens.

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

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