Could Cato Corporation (the) Class A (NYSE:CATO) Go Up After Its Newest Short Interest Report?

April 20, 2018 - By reb123z

The Cato Corporation (NYSE:CATO) Logo

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.23, from 1.16 in 2017Q3. It dropped, as 21 investors sold The Cato Corporation shares while 46 reduced holdings. 25 funds opened positions while 37 raised stakes. 18.99 million shares or 3.89% less from 19.76 million shares in 2017Q3 were reported.
Retail Bank Of New York Mellon owns 619,227 shares for 0% of their portfolio. 898,200 are held by State Street Corporation. Cetera Advisors Ltd Com holds 49,200 shares. Royal Savings Bank Of Canada holds 350 shares. Moreover, Aperio Gp Limited has 0% invested in The Cato Corporation (NYSE:CATO). D E Shaw reported 270,444 shares stake. Meeder Asset Management owns 0% invested in The Cato Corporation (NYSE:CATO) for 606 shares. Voya Mgmt Ltd Limited Liability Company stated it has 0% in The Cato Corporation (NYSE:CATO). Alliancebernstein L P stated it has 0% in The Cato Corporation (NYSE:CATO). Burt Wealth has invested 0% in The Cato Corporation (NYSE:CATO). Schroder Management Gp has 217,793 shares for 0.01% of their portfolio. Lsv Asset Mngmt holds 0% or 67,700 shares. Cubist Systematic Strategies Limited Liability holds 0.03% of its portfolio in The Cato Corporation (NYSE:CATO) for 33,785 shares. The Tennessee-based First Mercantile Com has invested 0.02% in The Cato Corporation (NYSE:CATO). Stone Ridge Asset Management Limited Liability Company invested in 38,365 shares.

Since February 9, 2018, it had 1 insider purchase, and 0 insider sales for $1,132 activity.

The stock of Cato Corporation (the) Class A (NYSE:CATO) registered an increase of 4.63% in short interest. CATO’s total short interest was 1.48 million shares in April as published by FINRA. Its up 4.63% from 1.41M shares, reported previously. With 485,300 shares average volume, it will take short sellers 3 days to cover their CATO’s short positions. The short interest to Cato Corporation (the) Class A’s float is 6.79%.

The stock increased 1.40% or $0.23 during the last trading session, reaching $16.67. About 299,582 shares traded. The Cato Corporation (NYSE:CATO) has declined 32.12% since April 20, 2017 and is downtrending. It has underperformed by 43.67% the S&P500.

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. The company has market cap of $403.48 million. It operates through two divisions, Retail and Credit. It has a 49.61 P/E ratio. The companyÂ’s stores and e-commerce Website offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags for women.

The Cato Corporation (NYSE:CATO) Institutional Positions Chart

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