Cars.com Inc (CARS) Sees Significant Drop in Short Interest
Cars.com Inc (NASDAQ:CARS) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 21,467,130 shares, a drop of 17.9% from the October 13th total of 26,140,697 shares. Based on an average daily volume of 1,142,189 shares, the short-interest ratio is presently 18.8 days. Currently, 32.1% of the shares of the stock are sold short.
Cars.com (CARS) opened at $22.74 on Tuesday. Cars.com has a twelve month low of $19.90 and a twelve month high of $29.47.
Large investors have recently bought and sold shares of the company. First Personal Financial Services purchased a new position in shares of Cars.com in the second quarter worth about $118,000. First Mercantile Trust Co. purchased a new position in shares of Cars.com in the second quarter worth about $132,000. AT Bancorp purchased a new position in shares of Cars.com in the second quarter worth about $168,000. Commonwealth Bank of Australia purchased a new position in shares of Cars.com in the second quarter worth about $170,000. Finally, Quantbot Technologies LP purchased a new position in shares of Cars.com in the second quarter worth about $172,000.
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Cars.com Company Profile
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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