What’s in Cato Corporation (NYSE:CATO) After Decline in Shorted Shares?

January 14, 2018 - By Dolores Ford

 What’s in Cato Corporation (NYSE:CATO) After Decline in Shorted Shares?

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.24, from 1.4 in 2017Q2. It worsened, as 14 investors sold The Cato Corporation shares while 44 reduced holdings. 25 funds opened positions while 42 raised stakes. 19.76 million shares or 4.48% less from 20.68 million shares in 2017Q2 were reported.
Ellington Mgmt Group Ltd Limited Liability Company holds 0.03% or 13,100 shares. New York State Common Retirement Fund reported 26,300 shares or 0% of all its holdings. Comerica Fincl Bank stated it has 25,107 shares or 0% of all its holdings. Koch Indus holds 0.03% of its portfolio in The Cato Corporation (NYSE:CATO) for 10,484 shares. Advisory Svcs Net Ltd accumulated 30 shares or 0% of the stock. Voya Inv Ltd Com owns 13,718 shares or 0% of their US portfolio. Tudor Investment Et Al reported 0.01% stake. Schwab Charles Mgmt accumulated 348,927 shares or 0% of the stock. New York-based American Inc has invested 0% in The Cato Corporation (NYSE:CATO). Invesco has 0% invested in The Cato Corporation (NYSE:CATO) for 82,610 shares. Bank Of Montreal Can accumulated 1,461 shares. Shell Asset Mgmt Com has 0.04% invested in The Cato Corporation (NYSE:CATO). Denver Inv Advsrs Lc reported 0.07% stake. Tci Wealth Advsr owns 48 shares. Jefferies Gru Llc holds 0% or 11,343 shares.

The stock of Cato Corporation (NYSE:CATO) registered a decrease of 5% in short interest. CATO’s total short interest was 1.48 million shares in January as published by FINRA. Its down 5% from 1.55M shares, reported previously. With 293,300 shares average volume, it will take short sellers 5 days to cover their CATO’s short positions. The short interest to Cato Corporation’s float is 6.29%.

The stock decreased 1.21% or $0.17 during the last trading session, reaching $13.85. About 175,624 shares traded. The Cato Corporation (NYSE:CATO) has declined 41.89% since January 14, 2017 and is downtrending. It has underperformed by 58.59% 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 $335.21 million. It operates through two divisions, Retail and Credit. It has a 32.36 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.

More notable recent The Cato Corporation (NYSE:CATO) news were published by: Bizjournals.com which released: “EXCLUSIVE: Lincoln Harris, Cato plan major mixed-use project on former Knights …” on February 09, 2017, also Charlotteobserver.com with their article: “‘All white men’: Charlotte women’s retailer criticized over board makeup” published on May 18, 2017, Charlotteobserver.com published: “Charlotte’s Cato Corporation upsets shareholder in blocking LGBT request” on March 28, 2017. More interesting news about The Cato Corporation (NYSE:CATO) were released by: Bizjournals.com and their article: “What’s next for Cato Corp. after merchandise missteps” published on June 20, 2017 as well as Realmoney.Thestreet.com‘s news article titled: “Fashion Retailer Cato Corp. Isn’t Dressed for Success” with publication date: January 05, 2018.

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.