Could Carolina Financial Corporation (NASDAQ:CARO) Skyrocket? The Stock Has Too Many Sellers

September 17, 2017 - By Marie Mckinney

 Could Carolina Financial Corporation (NASDAQ:CARO) Skyrocket? The Stock Has Too Many Sellers

The stock of Carolina Financial Corporation (NASDAQ:CARO) registered an increase of 25.59% in short interest. CARO’s total short interest was 811,800 shares in September as published by FINRA. Its up 25.59% from 646,400 shares, reported previously. With 70,500 shares average volume, it will take short sellers 12 days to cover their CARO’s short positions. The short interest to Carolina Financial Corporation’s float is 7.41%.

The stock increased 0.95% or $0.32 on September 15, reaching $34.01. About 160,183 shares traded or 155.26% up from the average. Carolina Financial Corp (NASDAQ:CARO) has risen 61.84% since September 17, 2016 and is uptrending. It has outperformed by 45.14% the S&P500.

Carolina Financial Corporation is a bank holding company. The company has market cap of $545.68 million. The Firm operates through CresCom Bank , a state-chartered commercial bank. It has a 18.89 P/E ratio. The Firm operates through three divisions: community banking, wholesale mortgage banking (mortgage banking) and other.

Carolina Financial Corp (NASDAQ:CARO) Ratings Coverage

Among 7 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Carolina Financial Corporation had 14 analyst reports since July 21, 2015 according to SRatingsIntel. Raymond James initiated Carolina Financial Corp (NASDAQ:CARO) on Friday, December 18 with “Strong Buy” rating. On Monday, June 12 the stock rating was maintained by Stephens with “Hold”. Stephens initiated Carolina Financial Corp (NASDAQ:CARO) rating on Friday, September 9. Stephens has “Equal-Weight” rating and $22.50 target. The firm earned “Hold” rating on Wednesday, November 30 by Brean Capital. The stock of Carolina Financial Corp (NASDAQ:CARO) earned “Hold” rating by Stephens on Thursday, July 20. The stock has “Buy” rating by Brean Capital on Tuesday, June 13. Brean Capital maintained Carolina Financial Corp (NASDAQ:CARO) on Wednesday, August 2 with “Buy” rating. On Friday, July 7 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was downgraded by Raymond James to “Outperform” on Thursday, April 7. The rating was upgraded by Sandler O’Neill on Wednesday, November 9 to “Buy”.

More notable recent Carolina Financial Corp (NASDAQ:CARO) news were published by: Zacks.com which released: “4 Reasons Why Carolina Financial is a Solid Pick Right Now” on September 07, 2017, also Nasdaq.com with their article: “Carolina Financial Corporation (CARO) Ex-Dividend Date Scheduled for September …” published on September 12, 2017, Bizjournals.com published: “CEOs of Carolina Financial Corporation, First South tout acquisition deal” on July 25, 2017. More interesting news about Carolina Financial Corp (NASDAQ:CARO) were released by: Bizjournals.com and their article: “CEO: Carolina Financial Corporation buyout of First South driven by Triangle …” published on June 14, 2017 as well as Bizjournals.com‘s news article titled: “Filing: First South had four suitors other than Carolina Financial Corporation” with publication date: September 11, 2017.

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