Short Interest Watching: Could Cai International Incorporated (NYSE:CAI) Change Direction After More Shorts?

November 28, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Watching: Could Cai International Incorporated (NYSE:CAI) Change Direction After More Shorts?

The stock of Cai International Incorporated (NYSE:CAI) registered an increase of 1.54% in short interest. CAI’s total short interest was 481,400 shares in November as published by FINRA. Its up 1.54% from 474,100 shares, reported previously. With 44,200 shares average volume, it will take short sellers 11 days to cover their CAI’s short positions. The short interest to Cai International Incorporated’s float is 4.14%. About 23,936 shares traded hands. CAI International Inc (NYSE:CAI) has declined 4.44% since April 25, 2016 and is downtrending. It has underperformed by 10.45% the S&P500.

CAI International, Inc. is a transportation finance and logistics company. The company has a market cap of $175.53 million. The Firm purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. It currently has negative earnings. The Firm operates through three divisions: container leasing, rail leasing and logistics.

CAI International Inc (NYSE:CAI) Ratings Coverage

Out of 2 analysts covering CAI International (NYSE:CAI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CAI International has been the topic of 6 analyst reports since October 6, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Friday, January 15. Keefe Bruyette & Woods initiated the stock with “Market Perform” rating in Friday, January 15 report. The stock of CAI International Inc (NYSE:CAI) earned “Outperform” rating by Wood on Tuesday, October 6.

CAI Company Profile

CAI International, Inc., incorporated on January 30, 2007, is a transportation finance and logistics company. The Firm purchases equipment, which it leases primarily to container shipping lines, freight forwarders and other transportation companies. The Firm operates through three divisions: container leasing, rail leasing and logistics. The Firm operates primarily in the intermodal freight container leasing industry. It also manages equipment for third-party investors. In operating the Company’s fleet, it leases, re-leases and disposes equipment and contract for the repair, repositioning and storage of equipment. The Firm also provide domestic and international logistics services. The Company’s equipment fleet consists primarily of intermodal marine containers. The Firm also owns a fleet of railcars, which it leases in North America.

More news for CAI International Inc (NYSE:CAI) were recently published by: Businesswire.com, which released: “CAI International, Inc. Announces Impact of Hanjin Bankruptcy” on September 09, 2016. Businesswire.com‘s article titled: “CAI International, Inc. Announces the Acquisition of Hybrid Logistics, Inc …” and published on June 01, 2016 is yet another important article.

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By Marguerite Chambers


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