Could Culp INC. Common Stock (NYSE:CULP) Skyrocket? The Stock Had Too Little Sellers

January 16, 2018 - By Hazel Jackson

 Could Culp  INC. Common Stock (NYSE:CULP) Skyrocket? The Stock Had Too Little Sellers

The stock of Culp INC. Common Stock (NYSE:CULP) registered a decrease of 5.65% in short interest. CULP’s total short interest was 131,900 shares in January as published by FINRA. Its down 5.65% from 139,800 shares, reported previously. With 19,300 shares average volume, it will take short sellers 7 days to cover their CULP’s short positions.

The stock decreased 0.16% or $0.05 during the last trading session, reaching $31.8. About 6,075 shares traded. Culp, Inc. (NYSE:CULP) has 0.00% since January 16, 2017 and is . It has underperformed by 16.70% the S&P500.

Culp, Inc. manufacturers, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. The company has market cap of $395.44 million. It operates through two divisions, Mattress Fabrics and Upholstery Fabrics. It has a 18.61 P/E ratio. The Mattress Fabrics segment offers woven jacquard, knitted, and converted fabrics for use in the production of bedding products, including mattresses, box springs, foundations, and bed components.

More recent Culp, Inc. (NYSE:CULP) news were published by: Bizjournals.com which released: “Triad fabrics manufacturer eyes purchase of Chinese company” on September 01, 2017. Also Bizjournals.com published the news titled: “Culp expands Triad distribution center, will move Stokesdale operation” on June 16, 2017. Seekingalpha.com‘s news article titled: “A Disappointing Q1 Hits The Bull Case For Culp” with publication date: September 18, 2017 was also an interesting one.

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