Caleres Incorporated (NYSE:CAL)’s Trend Unknown, Especially After Increased Shorts

September 17, 2017 - By Hazel Jackson

 Caleres Incorporated (NYSE:CAL)’s Trend Unknown, Especially After Increased Shorts

The stock of Caleres Incorporated (NYSE:CAL) registered an increase of 35.38% in short interest. CAL’s total short interest was 2.20 million shares in September as published by FINRA. Its up 35.38% from 1.62 million 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 rating was downgraded by CL King on Tuesday, December 13 to “Neutral”. BB&T Capital initiated the stock with “Hold” rating in Wednesday, January 27 report. The stock of Caleres Inc (NYSE:CAL) has “Buy” rating given on Thursday, February 25 by Buckingham Research. Rafferty maintained Caleres Inc (NYSE:CAL) on Wednesday, April 5 with “Buy” rating. The firm earned “Speculative Buy” rating on Wednesday, January 6 by Beaufort Securities. The firm earned “Neutral” rating on Friday, September 16 by Susquehanna. Beaufort Securities upgraded Caleres Inc (NYSE:CAL) on Friday, December 4 to “Speculative Buy” rating. The stock of Caleres Inc (NYSE:CAL) has “Hold” rating given on Friday, May 27 by BB&T Capital. The firm earned “Positive” rating on Wednesday, December 7 by Susquehanna. Susquehanna maintained the stock with “Positive” rating in Monday, May 16 report.

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

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