What Will Happen to Cal-maine Foods Incorporated (NASDAQ:CALM) Next? The Stock Has Decline in Shorts

September 17, 2017 - By Marguerite Chambers

 What Will Happen to Cal maine Foods Incorporated (NASDAQ:CALM) Next? The Stock Has Decline in Shorts

Investors sentiment decreased to 0.66 in 2016 Q4. Its down 0.08, from 0.74 in 2016Q3. It dived, as 42 investors sold Cal-Maine Foods Inc shares while 89 reduced holdings. 37 funds opened positions while 50 raised stakes. 28.03 million shares or 0.50% more from 27.89 million shares in 2016Q3 were reported.
Alliancebernstein Limited Partnership owns 0% invested in Cal-Maine Foods Inc (NASDAQ:CALM) for 46,838 shares. Envestnet Asset Management Inc invested in 10,525 shares. New York State Teachers Retirement stated it has 0% of its portfolio in Cal-Maine Foods Inc (NASDAQ:CALM). Blackrock Invest Mngmt Limited Liability Corp holds 158,528 shares. Barclays Public Limited Liability Company holds 0% or 24,578 shares. Point72 Asset Mgmt L P invested in 210,100 shares. Naples Glob Ltd Liability holds 0.41% of its portfolio in Cal-Maine Foods Inc (NASDAQ:CALM) for 23,830 shares. Pub Employees Retirement Association Of Colorado holds 6,493 shares. Susquehanna Intl Grp Ltd Liability Partnership owns 160,831 shares or 0% of their US portfolio. Blackrock Group Inc reported 117,921 shares stake. Commonwealth Equity holds 0.02% or 47,599 shares. Lombardia Ptnrs Ltd Limited Liability Company owns 222,158 shares. Texas Permanent School Fund owns 21,690 shares. Old Dominion Mgmt Inc holds 0.3% or 5,690 shares in its portfolio. Hightower Advsrs Ltd Limited Liability Company holds 0.01% of its portfolio in Cal-Maine Foods Inc (NASDAQ:CALM) for 25,607 shares.

The stock of Cal-maine Foods Incorporated (NASDAQ:CALM) registered a decrease of 3.68% in short interest. CALM’s total short interest was 6.71M shares in September as published by FINRA. Its down 3.68% from 6.96M shares, reported previously. With 304,400 shares average volume, it will take short sellers 22 days to cover their CALM’s short positions. The short interest to Cal-maine Foods Incorporated’s float is 22.87%.

The stock increased 3.68% or $1.4 on September 15, reaching $39.4. About 523,158 shares traded or 76.89% up from the average. Cal-Maine Foods Inc (NASDAQ:CALM) has declined 14.94% since September 17, 2016 and is downtrending. It has underperformed by 31.64% the S&P500.

Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. The company has market cap of $1.91 billion. The Firm operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It currently has negative earnings. It offers shell eggs, including specialty and non-specialty eggs.

Cal-Maine Foods Inc (NASDAQ:CALM) Ratings Coverage

Among 3 analysts covering Cal-Maine Foods (NASDAQ:CALM), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Cal-Maine Foods had 9 analyst reports since August 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, August 31 by BB&T Capital. The stock of Cal-Maine Foods Inc (NASDAQ:CALM) has “Hold” rating given on Monday, October 5 by BB&T Capital. Goldman Sachs initiated Cal-Maine Foods Inc (NASDAQ:CALM) on Thursday, November 10 with “Neutral” rating. The rating was downgraded by Goldman Sachs on Friday, June 16 to “Sell”. DA Davidson maintained Cal-Maine Foods Inc (NASDAQ:CALM) rating on Wednesday, December 2. DA Davidson has “Buy” rating and $65.0 target. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Buy”. The company was downgraded on Monday, May 9 by DA Davidson. As per Tuesday, March 29, the company rating was downgraded by DA Davidson. The rating was upgraded by BB&T Capital on Thursday, June 16 to “Hold”.

More notable recent Cal-Maine Foods Inc (NASDAQ:CALM) news were published by: Seekingalpha.com which released: “Cal-Maine Foods: At A Nice Entry Point” on April 04, 2017, also Seekingalpha.com with their article: “Deep Value With Cal-Maine Foods” published on May 08, 2017, Marketwatch.com published: “Cal-Maine Foods earnings miss expectations” on July 24, 2017. More interesting news about Cal-Maine Foods Inc (NASDAQ:CALM) were released by: Fool.com and their article: “What to Expect When Cal-Maine Foods Reports Earnings” published on July 01, 2017 as well as Seekingalpha.com‘s news article titled: “Cal-Maine Foods’ Stock Price Has Been On The Move As Egg Demand Has Increased” with publication date: April 21, 2017.

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