What’s Next for Caleres Incorporated (NYSE:CAL) After Having More Shares Shorted?

September 17, 2017 - By Peter Erickson

 What's Next for Caleres Incorporated (NYSE:CAL) After Having More Shares Shorted?

The stock of Caleres Incorporated (NYSE:CAL) registered an increase of 35.38% in short interest. CAL’s total short interest was 2.20M shares in September as published by FINRA. Its up 35.38% from 1.62M shares, reported previously. With 744,900 shares average volume, it will take short sellers 3 days to cover their CAL’s short positions.

The stock increased 1.62% or $0.46 on September 15, reaching $28.82. About 621,436 shares traded or 35.38% up from the average. Caleres Inc (NYSE:CAL) has risen 11.45% since September 17, 2016 and is uptrending. It has underperformed by 5.25% the S&P500.

Caleres, Inc. is a global footwear retailer and wholesaler. The company has market cap of $1.24 billion. The Firm is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It has a 20.51 P/E ratio. The Firm operates through two divisions: Famous Footwear and Brand Portfolio.

Caleres Inc (NYSE:CAL) Ratings Coverage

Among 11 analysts covering Caleres (NYSE:CAL), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Caleres had 20 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Buy” rating by Panmure Gordon on Monday, September 21. The company was maintained on Monday, May 16 by Susquehanna. The firm has “Neutral” rating by Susquehanna given on Friday, September 16. Buckingham Research maintained Caleres Inc (NYSE:CAL) on Friday, August 28 with “Neutral” rating. The firm earned “Overweight” rating on Friday, March 3 by Morgan Stanley. The stock of Caleres Inc (NYSE:CAL) has “Hold” rating given on Friday, May 27 by Jefferies. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Buy”. The firm has “Hold” rating given on Wednesday, January 27 by BB&T Capital. The company was initiated on Wednesday, April 12 by Wedbush. The rating was upgraded by Susquehanna to “Positive” on Wednesday, December 7.

More important recent Caleres Inc (NYSE:CAL) news were published by: Nasdaq.com which released: “Caleres Inc. Reveals 4% Advance In Q2 Bottom Line” on August 29, 2017, also Stltoday.com published article titled: “Caleres’ stock soars percent following strong 2Q”, Zacks.com published: “Caleres (CAL) Jumps: Stock Rises 6.7% August 23, 2017” on August 23, 2017. More interesting news about Caleres Inc (NYSE:CAL) was released by: Nasdaq.com and their article: “Caleres, Inc. (CAL) Ex-Dividend Date Scheduled for September 15, 2017” with publication date: September 14, 2017.

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