Short Interest Alert: Culp Incorporated (NYSE:CFI)’s Stock Is Sell After More Market Selling

November 29, 2016 - By Louis Casey   ·   0 Comments

Short Interest Alert: Culp Incorporated (NYSE:CFI)'s Stock Is Sell After More Market Selling

The stock of Culp Incorporated (NYSE:CFI) registered an increase of 53.57% in short interest. CFI’s total short interest was 324,500 shares in November as published by FINRA. Its up 53.57% from 211,300 shares, reported previously. With 33,800 shares average volume, it will take short sellers 10 days to cover their CFI’s short positions. The short interest to Culp Incorporated’s float is 3.63%. The stock closed at $34 during the last session. It is down 26.30% since April 26, 2016 and is uptrending. It has outperformed by 21.04% the S&P500.

Culp, Inc. is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The company has a market cap of $418.44 million. The Firm is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture. It has a 24.12 P/E ratio. The Firm operates through two divisions: mattress fabrics and upholstery fabrics.

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.36, from 1.46 in 2016Q1. The ratio fall, as 8 funds sold all Culp, Inc. shares owned while 27 reduced positions. 14 funds bought stakes while 37 increased positions. They now own 10.40 million shares or 0.73% less from 10.48 million shares in 2016Q1.
Qs Invsts Llc last reported 0% of its portfolio in the stock. Victory last reported 0.09% of its portfolio in the stock. Atlantic Trust Grp Inc Ltd Co owns 1.43 million shares or 0.29% of their US portfolio. Walleye Trading Ltd Llc has 0% invested in the company for 700 shares. Schwab Charles Management accumulated 0% or 53,222 shares. Blackrock Japan Limited has 2,568 shares for 0% of their US portfolio. California State Teachers Retirement Systems accumulated 22,576 shares or 0% of the stock. Sei Invests last reported 2,167 shares in the company. Deutsche National Bank & Trust Ag holds 0% or 8,555 shares in its portfolio. Savings Bank Of Ny Mellon Corp has 66,569 shares for 0% of their US portfolio. Rbf Lc owns 10,000 shares or 0.05% of their US portfolio. Century last reported 326,774 shares in the company. The Illinois-based Balyasny Asset Ltd Liability Corp has invested 0% in Culp, Inc. (NYSE:CFI). Springbok Mgmt Lc holds 0.01% or 2,600 shares in its portfolio. Fuller And Thaler Asset Inc holds 1,700 shares or 0% of its portfolio.

Insider Transactions: Since July 20, 2016, the stock had 0 buys, and 18 insider sales for $3.84 million net activity. On Wednesday, September 7 the insider CULP ROBERT GEORGE IV sold $167,444. CULP ROBERT G III sold $132,893 worth of stock or 4,084 shares. $313,950 worth of Culp, Inc. (NYSE:CFI) was sold by SAXON FRANKLIN N. $334,950 worth of Culp, Inc. (NYSE:CFI) was sold by LARSON KENNETH R on Wednesday, September 7. CHUMBLEY BOYD BROOKS also sold $257,280 worth of Culp, Inc. (NYSE:CFI) shares. $335,035 worth of Culp, Inc. (NYSE:CFI) was sold by FLAVIN PATRICK B on Wednesday, September 7.

Culp, Inc. (NYSE:CFI) Ratings Coverage

Out of 4 analysts covering Culp Inc (NYSE:CFI), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Culp Inc has been the topic of 4 analyst reports since September 4, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the shares of CFI in a report on Friday, September 4 with “Buy” rating. The firm has “Hold” rating by Topeka Capital Markets given on Tuesday, May 24. The firm earned “Strong-Buy” rating on Friday, September 4 by Zacks. The firm earned “Hold” rating on Tuesday, November 3 by Cantor Fitzgerald.

CFI Company Profile

Culp, Inc., incorporated on March 16, 1972, is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Firm is engaged in the manufacturing, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture. The Firm operates through two divisions: mattress fabrics (Culp Home Fashions) and upholstery fabrics. The Firm markets a range of fabrics in the categories, including fabrics produced at its manufacturing facilities and fabrics produced by other suppliers. As of May 1, 2016, the Company had 13 manufacturing plants and distribution facilities located in North and South Carolina; Quebec, Canada, and Shanghai, China. The Firm operates its distribution centers in North Carolina and Shanghai, China.

More news for Culp, Inc. (NYSE:CFI) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on December 21, 2009. Globenewswire.com‘s article titled: “Culp, Inc. to Broadcast Fiscal 2017 Second Quarter Conference Call Live on the …” and published on November 22, 2016 is yet another important article.

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By Louis Casey


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