Short Interest Change: It Seems Cass Information Systems Incorporated (NASDAQ:CASS) Will Go Down. Just Reported More Shorted Shares

November 28, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Change: It Seems Cass Information Systems Incorporated (NASDAQ:CASS) Will Go Down. Just Reported More Shorted Shares

The stock of Cass Information Systems Incorporated (NASDAQ:CASS) registered an increase of 6.01% in short interest. CASS’s total short interest was 511,700 shares in November as published by FINRA. Its up 6.01% from 482,700 shares, reported previously. With 16,600 shares average volume, it will take short sellers 31 days to cover their CASS’s short positions. The short interest to Cass Information Systems Incorporated’s float is 5.74%. About 26,822 shares traded hands. Cass Information Systems (NASDAQ:CASS) has risen 42.92% since April 25, 2016 and is uptrending. It has outperformed by 36.91% the S&P500.

Cass Information Systems, Inc. is a well-known provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The company has a market cap of $781.34 million. The Firm provides transportation invoice rating, payment processing, auditing, accounting and transportation information. It has a 33.48 P/E ratio. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility related expenses.

Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.17, from 1 in 2016Q1. The ratio increased, as 3 funds sold all Cass Information Systems shares owned while 32 reduced positions. 8 funds bought stakes while 27 increased positions. They now own 5.05 million shares or 2.91% less from 5.20 million shares in 2016Q1.
Joel Isaacson And Lc last reported 0% of its portfolio in the stock. Blackrock Limited Liability Corporation last reported 0% of its portfolio in the stock. Moreover, Legal General Plc has 0% invested in Cass Information Systems (NASDAQ:CASS) for 1,731 shares. Royal Bankshares Of Canada holds 0% or 61 shares in its portfolio. Employees Retirement Association Of Colorado has 4,320 shares for 0% of their US portfolio. Dimensional Fund Advisors Ltd Partnership holds 0.01% of its portfolio in Cass Information Systems (NASDAQ:CASS) for 297,702 shares. Renaissance Tech Ltd Liability holds 33,089 shares or 0% of its portfolio. Huntington Comml Bank accumulated 0% or 2,820 shares. State Board Of Administration Of Florida Retirement last reported 7,579 shares in the company. Tower Rech Ltd Llc (Trc) owns 123 shares or 0% of their US portfolio. Rhumbline Advisers accumulated 13,490 shares or 0% of the stock. Pnc Fin Services Grp Inc Inc reported 2,669 shares or 0% of all its holdings. Wellington Mgmt Group Inc Llp accumulated 313,744 shares or 0% of the stock. Blackrock Management Lc accumulated 46,717 shares or 0% of the stock. Fincl Bank Of America Corporation De has 71,936 shares for 0% of their US portfolio.

Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 3 selling transactions for $343,089 net activity. 4,818 shares with value of $254,000 were sold by BRUNNGRABER ERIC H on Friday, July 29. Another trade for 772 shares valued at $43,425 was made by MATHIAS ROBERT J on Monday, October 24.

CASS Company Profile

Cass Information Systems, Inc. (Cass), incorporated on July 1, 1982, is a well-known provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Firm provides transportation invoice rating, payment processing, auditing, accounting and transportation information. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility related expenses. The Firm operates in two divisions: Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large firms. The Banking Services segment provides banking services primarily to privately held businesses and churches. The Company, through its bank subsidiary, Cass Commercial Bank (the Bank), provides commercial banking services.

More important recent Cass Information Systems (NASDAQ:CASS) news were published by: Stltoday.com which released: “Cass Information Systems profits slip” on April 20, 2015, also Stltoday.com published article titled: “Cass Information Systems promotes Mark Campbell to a division president”, Seekingalpha.com published: “Cass Information Systems: An Obscure, Wonderful Business” on July 21, 2016. More interesting news about Cass Information Systems (NASDAQ:CASS) was released by: Bizjournals.com and their article: “Small Corporation Winner: Steve Appelbaum – Cass Information Systems” with publication date: May 18, 2012.

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By Winifred Garcia


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