What’s Propelling CARS.COM Inc (NYSE:CARS) After Higher Shorts Reported?

April 20, 2018 - By Vivian Park

The stock of CARS.COM Inc (NYSE:CARS) registered an increase of 1.41% in short interest. CARS’s total short interest was 16.40M shares in April as published by FINRA. Its up 1.41% from 16.17M shares, reported previously. With 1.51 million shares average volume, it will take short sellers 11 days to cover their CARS’s short positions. The short interest to CARS.COM Inc’s float is 27.35%.

The stock decreased 2.66% or $0.77 during the last trading session, reaching $28.16. About 749,763 shares traded. Cars.com Inc. (NYSE:CARS) has 0.00% since April 20, 2017 and is . It has underperformed by 11.55% the S&P500.

Cars.com Inc. operates as an online research destination for car shoppers. The company has market cap of $2.02 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 9 P/E ratio. The firm also sells display advertising to national advertisers.

Cars.com Inc. (NYSE:CARS) Ratings Chart

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.