What’s Next for CARS.COM INC. Common Stock (NYSE:CARS) After Having Less Shares Shorted?

January 14, 2018 - By Peter Erickson

 What's Next for CARS.COM INC. Common Stock (NYSE:CARS) After Having Less Shares Shorted?

The stock of CARS.COM INC. Common Stock (NYSE:CARS) registered a decrease of 1.23% in short interest. CARS’s total short interest was 19.81 million shares in January as published by FINRA. Its down 1.23% from 20.06M shares, reported previously. With 1.35M shares average volume, it will take short sellers 15 days to cover their CARS’s short positions.

The stock decreased 2.14% or $0.67 during the last trading session, reaching $30.57. About 3.33M shares traded or 96.76% up from the average. Cars.com Inc. (NYSE:CARS) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Cars.com Inc. operates as an online research destination for car shoppers. The company has market cap of $2.19 billion. It sells online subscription advertising products to car dealerships by its own direct sales force, as well as through its affiliate sales channel. It has a 18.04 P/E ratio. The firm also sells display advertising to national advertisers.

More important recent Cars.com Inc. (NYSE:CARS) news were published by: Finance.Yahoo.com which released: “Activist Starboard Value Buys 9.9% Stake in Cars.com” on December 19, 2017, also Streetinsider.com published article titled: “Cars.com Inc. (CARS) Names Bala Subramanian to Board”, Streetinsider.com published: “Form 3 Cars.com Inc. For: Jan 05 Filed by: Subramanian Bala” on May 13, 2017. More interesting news about Cars.com Inc. (NYSE:CARS) was released by: Seekingalpha.com and their article: “Cars.com +8% on Starboard 9.9% active stake disclosure” with publication date: December 18, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.