It Seems Cass Information Systems Incorporated (NASDAQ:CASS) Will Go Down. Just Reported More Shorted Shares

September 17, 2017 - By Adrian Mccoy

 It Seems Cass Information Systems Incorporated (NASDAQ:CASS) Will Go Down. Just Reported More Shorted Shares

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.17, from 1.17 in 2016Q3. It dived, as 4 investors sold Cass Information Systems shares while 37 reduced holdings. 15 funds opened positions while 26 raised stakes. 5.22 million shares or 1.07% more from 5.16 million shares in 2016Q3 were reported.
Atlanta Cap Mngmt L L C accumulated 351,275 shares. Fincl Serv stated it has 1.19% of its portfolio in Cass Information Systems (NASDAQ:CASS). Pdt Prns Ltd Limited Liability Company holds 3,409 shares or 0.02% of its portfolio. Vanguard Grp reported 464,849 shares stake. Smith Moore & Communications invested 0.15% in Cass Information Systems (NASDAQ:CASS). Bnp Paribas Arbitrage owns 0% invested in Cass Information Systems (NASDAQ:CASS) for 536 shares. Blackrock, a New York-based fund reported 1,677 shares. Metropolitan Life Insur Ny has 0% invested in Cass Information Systems (NASDAQ:CASS) for 8,387 shares. Morgan Stanley has invested 0% in Cass Information Systems (NASDAQ:CASS). Legal General Grp Public Limited Company has invested 0% in Cass Information Systems (NASDAQ:CASS). Wealthtrust reported 222 shares or 0.01% of all its holdings. Nationwide Fund Advsr, Pennsylvania-based fund reported 14,026 shares. 5,500 are held by Blackrock Advisors Ltd Liability. Blackrock Group Inc has 4,445 shares. Manitoba – Canada-based Great West Life Assurance Com Can has invested 0% in Cass Information Systems (NASDAQ:CASS).

Since June 2, 2017, it had 0 insider purchases, and 3 sales for $94,689 activity. $194 worth of Cass Information Systems (NASDAQ:CASS) shares were sold by MATHIAS ROBERT J.

The stock of Cass Information Systems Incorporated (NASDAQ:CASS) registered an increase of 2.94% in short interest. CASS’s total short interest was 367,500 shares in September as published by FINRA. Its up 2.94% from 357,000 shares, reported previously. With 37,800 shares average volume, it will take short sellers 10 days to cover their CASS’s short positions. The short interest to Cass Information Systems Incorporated’s float is 4.04%.

The stock increased 0.56% or $0.34 on September 15, reaching $60.86. About 114,545 shares traded or 178.57% up from the average. Cass Information Systems (NASDAQ:CASS) has risen 34.53% since September 17, 2016 and is uptrending. It has outperformed by 17.83% the S&P500.

Cass Information Systems, Inc. is a well-known provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The company has market cap of $681.86 million. The Firm provides transportation invoice rating, payment processing, auditing, accounting and transportation information. It has a 26.99 P/E ratio. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility related expenses.

More notable recent Cass Information Systems (NASDAQ:CASS) news were published by: Nasdaq.com which released: “Cass Information Systems, Inc (CASS) Ex-Dividend Date Scheduled for September …” on August 30, 2017, also Stltoday.com with their article: “Cass Information Systems promotes Mark Campbell to a division president” published on February 20, 2015, Nasdaq.com published: “Cass Information Systems, Inc (CASS) Ex-Dividend Date Scheduled for August 31 …” on August 30, 2017. More interesting news about Cass Information Systems (NASDAQ:CASS) were released by: Stltoday.com and their article: “Cass Information Systems profits slip” published on April 20, 2015 as well as Seekingalpha.com‘s news article titled: “Cass Information Systems: An Obscure, Wonderful Business” with publication date: July 21, 2016.

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