Could Cass Information Systems Incorporated (NASDAQ:CASS) Go Up After Its Newest Short Interest Report?

January 14, 2018 - By Stephen Andrade

 Could Cass Information Systems Incorporated (NASDAQ:CASS) Go Up After Its Newest Short Interest Report?

Investors sentiment increased to 1.85 in Q3 2017. Its up 0.74, from 1.11 in 2017Q2. It increased, as 7 investors sold Cass Information Systems, Inc. shares while 19 reduced holdings. 11 funds opened positions while 37 raised stakes. 5.17 million shares or 2.66% less from 5.31 million shares in 2017Q2 were reported.
Moreover, Wells Fargo & Communications Mn has 0% invested in Cass Information Systems, Inc. (NASDAQ:CASS) for 12,555 shares. 11,500 were accumulated by California Public Employees Retirement Systems. D E Shaw Communication reported 0% stake. Pdts Prns Ltd Liability Corp has 0.02% invested in Cass Information Systems, Inc. (NASDAQ:CASS). Atlanta Capital Mgmt L L C owns 310,948 shares for 0.11% of their portfolio. Phocas Financial accumulated 0.42% or 71,427 shares. Ftb Advisors Inc holds 0% or 74 shares in its portfolio. Brown Advisory Inc reported 5,980 shares. Alliancebernstein L P holds 0% or 14,901 shares in its portfolio. Kennedy Mgmt holds 68,835 shares. Tower Capital Lc (Trc) has 1,195 shares for 0.01% of their portfolio. Great West Life Assurance Can invested in 907 shares. First Tru Limited Partnership reported 14,283 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys holds 0% or 7,579 shares. Nationwide Fund Advsr stated it has 5,839 shares.

Since December 13, 2017, it had 0 insider buys, and 1 sale for $204,268 activity.

The stock of Cass Information Systems Incorporated (NASDAQ:CASS) registered an increase of 3.5% in short interest. CASS’s total short interest was 292,600 shares in January as published by FINRA. Its up 3.5% from 282,700 shares, reported previously. With 22,700 shares average volume, it will take short sellers 13 days to cover their CASS’s short positions. The short interest to Cass Information Systems Incorporated’s float is 3.22%.

The stock increased 0.14% or $0.08 during the last trading session, reaching $58.67. About 13,694 shares traded. Cass Information Systems, Inc. (NASDAQ:CASS) has risen 34.53% since January 14, 2017 and is uptrending. It has outperformed by 17.83% the S&P500.

Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company has market cap of $720.64 million. It operates through two divisions, Information Services and Banking Services. It has a 27.94 P/E ratio. The companyÂ’s services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.

More notable recent Cass Information Systems, Inc. (NASDAQ:CASS) news were published by: Stltoday.com which released: “Cass Information Systems reports record earnings for 2016” on February 06, 2017, also Businesswire.com with their article: “Quarter 2017 Earnings Up 11% at Cass Information Systems, Inc.” published on October 26, 2017, Nasdaq.com published: “Cass Information Systems, Inc (CASS) Ex-Dividend Date Scheduled for August 31 …” on August 30, 2017. More interesting news about Cass Information Systems, Inc. (NASDAQ:CASS) were released by: Businesswire.com and their article: “Quarter 2017 Earnings Up 12% at Cass Information Systems, Inc.” published on July 27, 2017 as well as Nasdaq.com‘s news article titled: “Cass Information Systems, Inc (CASS) Ex-Dividend Date Scheduled for December …” with publication date: June 25, 2016.

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