Calatlantic Group Incorporated (NYSE:CAA) on Focus After Report of Less Shorts

September 17, 2017 - By Darrin Black

 Calatlantic Group Incorporated (NYSE:CAA) on Focus After Report of Less Shorts

The stock of Calatlantic Group Incorporated (NYSE:CAA) registered a decrease of 0.96% in short interest. CAA’s total short interest was 8.97M shares in September as published by FINRA. Its down 0.96% from 9.06M shares, reported previously. With 918,300 shares average volume, it will take short sellers 10 days to cover their CAA’s short positions.

The stock decreased 0.82% or $0.29 on September 15, reaching $34.95. About 1.61 million shares traded or 91.91% up from the average. CalAtlantic Group Inc (NYSE:CAA) has risen 9.92% since September 17, 2016 and is uptrending. It has underperformed by 6.78% the S&P500.

CalAtlantic Group, Inc. is a diversified builder of single-family attached and detached homes. The company has market cap of $3.85 billion. The Firm operates through two divisions: homebuilding and financial services. It has a 9.72 P/E ratio. The homebuilding segment activities include acquiring and developing land, and constructing and selling single-family attached and detached homes.

CalAtlantic Group Inc (NYSE:CAA) Ratings Coverage

Among 12 analysts covering CalAtlantic Group (NYSE:CAA), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. CalAtlantic Group had 19 analyst reports since October 6, 2015 according to SRatingsIntel. As per Monday, February 8, the company rating was maintained by Credit Suisse. UBS maintained the shares of CAA in report on Friday, July 29 with “Neutral” rating. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, January 20. The stock of CalAtlantic Group Inc (NYSE:CAA) has “Mkt Outperform” rating given on Friday, July 21 by JMP Securities. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, October 13. Credit Suisse maintained CalAtlantic Group Inc (NYSE:CAA) rating on Tuesday, October 6. Credit Suisse has “Neutral” rating and $45 target. The firm has “Outperform” rating given on Tuesday, September 20 by Wedbush. The company was maintained on Monday, February 22 by FBR Capital. The rating was upgraded by Raymond James to “Outperform” on Friday, May 13. As per Monday, October 19, the company rating was upgraded by Compass Point.

Another recent and important CalAtlantic Group Inc (NYSE:CAA) news was published by Nasdaq.com which published an article titled: “CalAtlantic Group, Inc. (CAA) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017.

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