What Next for Cato Corporation (NYSE:CATO) Stock After Decrease in Shorted Shares?

September 17, 2017 - By Winifred Garcia

 What Next for Cato Corporation (NYSE:CATO) Stock After Decrease in Shorted Shares?

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.35, from 1.46 in 2016Q3. It turned negative, as 15 investors sold Cato Corp shares while 47 reduced holdings. 26 funds opened positions while 43 raised stakes. 20.03 million shares or 2.38% less from 20.52 million shares in 2016Q3 were reported.
24 are held by Northwestern Mutual Wealth Mgmt Communication. Schroder Inv holds 690,283 shares. Voya Mgmt Limited Liability Co, a Georgia-based fund reported 12,310 shares. Victory Capital Mgmt Inc accumulated 0% or 11,767 shares. Tci Wealth Advsr holds 465 shares. First Quadrant Limited Partnership Ca owns 2,647 shares for 0% of their portfolio. Sit Associates Incorporated stated it has 0% of its portfolio in Cato Corp (NYSE:CATO). Alliancebernstein Lp stated it has 41,447 shares or 0% of all its holdings. The Ontario – Canada-based Toronto Dominion Bankshares has invested 0% in Cato Corp (NYSE:CATO). Hsbc Holding Public Ltd Com owns 10,393 shares. Barrow Hanley Mewhinney Strauss Limited Liability Company accumulated 25,645 shares. Macquarie Group Ltd reported 527,648 shares. 225,704 are owned by United Automobile Association. Mason Street Advisors Limited invested in 5,483 shares. Geode Cap Ltd holds 0% of its portfolio in Cato Corp (NYSE:CATO) for 238,460 shares.

Since March 17, 2017, it had 1 insider buy, and 0 sales for $16,760 activity. On Friday, March 17 the insider WEISIGER – JR EDWARD I bought $67,503. $16,760 worth of Cato Corp (NYSE:CATO) was bought by PATRICK BAILEY W on Wednesday, June 14.

The stock of Cato Corporation (NYSE:CATO) registered a decrease of 9.21% in short interest. CATO’s total short interest was 2.22M shares in September as published by FINRA. Its down 9.21% from 2.45M shares, reported previously. With 494,500 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 9.47%.

The stock increased 0.97% or $0.13 on September 15, reaching $13.58. About 532,805 shares traded or 43.74% up from the average. Cato Corp (NYSE:CATO) has declined 41.89% since September 17, 2016 and is downtrending. It has underperformed by 58.59% the S&P500.

The Cato Corporation is a fashion specialty retailer. The company has market cap of $345.46 million. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. It has a 20.91 P/E ratio. The Firm has two divisions: the operation of a fashion specialty stores segment and a credit card segment (Credit Segment).

More important recent Cato Corp (NYSE:CATO) news were published by: Nasdaq.com which released: “Cato Corporation (CATO) Ex-Dividend Date Scheduled for September 08, 2017” on September 07, 2017, also Charlotteobserver.com published article titled: “‘All white men’: Charlotte women’s retailer criticized over board makeup”, Seekingalpha.com published: “Cato: Covering The Short, And Hoping For Another Shot” on August 28, 2017. More interesting news about Cato Corp (NYSE:CATO) was released by: Streetinsider.com and their article: “Cato Corp. (CATO) August Same-Store Sales Decline 10%” with publication date: August 31, 2017.

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