Cai International Incorporated (NYSE:CAI) Reports Increase in Sellers; Strong Momentum for Short Players

September 17, 2017 - By Peter Erickson

 Cai International Incorporated (NYSE:CAI) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Cai International Incorporated (NYSE:CAI) registered an increase of 20.14% in short interest. CAI’s total short interest was 268,400 shares in September as published by FINRA. Its up 20.14% from 223,400 shares, reported previously. With 221,100 shares average volume, it will take short sellers 1 days to cover their CAI’s short positions.

The stock increased 2.08% or $0.57 on September 15, reaching $27.99. About 422,659 shares traded or 94.15% up from the average. CAI International Inc (NYSE:CAI) has risen 166.86% since September 17, 2016 and is uptrending. It has outperformed by 150.16% the S&P500.

CAI International, Inc. is a transportation finance and logistics company. The company has market cap of $538.71 million. The Firm purchases equipment, primarily intermodal shipping containers and railcars, which it leases to its customers, and also manages equipment for third-party investors. It has a 41.93 P/E ratio. The Firm operates through three divisions: container leasing, rail leasing and logistics.

CAI International Inc (NYSE:CAI) Ratings Coverage

Among 4 analysts covering CAI International (NYSE:CAI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. CAI International had 10 analyst reports since October 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods initiated the shares of CAI in report on Friday, January 15 with “Market Perform” rating. Credit Suisse upgraded the shares of CAI in report on Friday, January 15 to “Outperform” rating. Keefe Bruyette & Woods maintained CAI International Inc (NYSE:CAI) on Friday, July 14 with “Hold” rating. Keefe Bruyette & Woods maintained CAI International Inc (NYSE:CAI) on Monday, June 19 with “Hold” rating. Cowen & Co maintained the stock with “Market Perform” rating in Friday, April 21 report. On Tuesday, October 6 the stock rating was maintained by Wood with “Outperform”.

Another recent and important CAI International Inc (NYSE:CAI) news was published by Finance.Yahoo.com which published an article titled: “CAI International, Liberty Tax, Movado Group, China Telecom and Komatsu …” on September 11, 2017.

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