Today Caleres Incorporated (NYSE:CAL) Reported Increase in Shorted Shares

September 17, 2017 - By Peter Erickson

 Today Caleres Incorporated (NYSE:CAL) Reported Increase in Shorted Shares

The stock of Caleres Incorporated (NYSE:CAL) registered an increase of 35.38% in short interest. CAL’s total short interest was 2.20M shares in September as published by FINRA. Its up 35.38% from 1.62M shares, reported previously. With 744,900 shares average volume, it will take short sellers 3 days to cover their CAL’s short positions.

The stock increased 1.62% or $0.46 on September 15, reaching $28.82. About 621,436 shares traded or 35.38% up from the average. Caleres Inc (NYSE:CAL) has risen 11.45% since September 17, 2016 and is uptrending. It has underperformed by 5.25% the S&P500.

Caleres, Inc. is a global footwear retailer and wholesaler. The company has market cap of $1.24 billion. The Firm is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It has a 20.51 P/E ratio. The Firm operates through two divisions: Famous Footwear and Brand Portfolio.

Caleres Inc (NYSE:CAL) Ratings Coverage

Among 11 analysts covering Caleres (NYSE:CAL), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Caleres had 20 analyst reports since August 25, 2015 according to SRatingsIntel. Susquehanna upgraded the shares of CAL in report on Tuesday, May 30 to “Positive” rating. As per Wednesday, April 12, the company rating was initiated by Wedbush. The rating was maintained by Rafferty on Wednesday, April 5 with “Buy”. Susquehanna initiated the shares of CAL in report on Friday, September 16 with “Neutral” rating. The company was maintained on Wednesday, January 6 by Beaufort Securities. The company was maintained on Friday, August 28 by Buckingham Research. The stock of Caleres Inc (NYSE:CAL) earned “Neutral” rating by CL King on Tuesday, December 13. The stock of Caleres Inc (NYSE:CAL) has “Buy” rating given on Tuesday, August 25 by Zacks. As per Monday, September 21, the company rating was maintained by Panmure Gordon. The firm has “Hold” rating by Jefferies given on Friday, May 27.

More important recent Caleres Inc (NYSE:CAL) news were published by: Nasdaq.com which released: “Caleres, Inc. (CAL) Ex-Dividend Date Scheduled for September 15, 2017” on September 14, 2017, also Nasdaq.com published article titled: “Caleres Inc. Reveals 4% Advance In Q2 Bottom Line”, Stltoday.com published: “Caleres’ stock soars percent following strong 2Q” on August 29, 2017. More interesting news about Caleres Inc (NYSE:CAL) was released by: Zacks.com and their article: “Caleres (CAL) Jumps: Stock Rises 6.7% August 23, 2017” with publication date: August 23, 2017.

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