What Next for Cai International Incorporated (NYSE:CAI) Stock After Increase in Shorted Shares?

September 17, 2017 - By Adrian Erickson

 What Next for Cai International Incorporated (NYSE:CAI) Stock After Increase in Shorted Shares?

The stock of Cai International Incorporated (NYSE:CAI) registered an increase of 20.14% in short interest. CAI’s total short interest was 268,400 shares in September as published by FINRA. Its up 20.14% from 223,400 shares, reported previously. With 221,100 shares average volume, it will take short sellers 1 days to cover their CAI’s short positions.

The stock increased 2.08% or $0.57 on September 15, reaching $27.99. About 422,659 shares traded or 94.15% up from the average. CAI International Inc (NYSE:CAI) has risen 166.86% since September 17, 2016 and is uptrending. It has outperformed by 150.16% the S&P500.

CAI International, Inc. is a transportation finance and logistics company. The company has market cap of $538.71 million. The Firm purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. It has a 41.93 P/E ratio. The Firm operates through three divisions: container leasing, rail leasing and logistics.

CAI International Inc (NYSE:CAI) Ratings Coverage

Among 4 analysts covering CAI International (NYSE:CAI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. CAI International had 10 analyst reports since October 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods initiated CAI International Inc (NYSE:CAI) on Friday, January 15 with “Market Perform” rating. The firm has “Hold” rating given on Monday, June 19 by Keefe Bruyette & Woods. Wood maintained it with “Outperform” rating and $14 target in Tuesday, October 6 report. The stock of CAI International Inc (NYSE:CAI) has “Outperform” rating given on Friday, January 15 by Credit Suisse. As per Friday, July 14, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Cowen & Co with “Market Perform” on Friday, April 21.

Another recent and important CAI International Inc (NYSE:CAI) news was published by Finance.Yahoo.com which published an article titled: “CAI International, Liberty Tax, Movado Group, China Telecom and Komatsu …” on September 11, 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.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: