Cal-Maine Foods, Inc. (NASDAQ:CALM) Short Interest Update

Cal-Maine Foods, Inc. (NASDAQ:CALM) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 2,240,000 shares, a decrease of 26.8% from the June 15th total of 3,060,000 shares. Based on an average daily volume of 619,200 shares, the short-interest ratio is currently 3.6 days. Approximately 5.5% of the company’s shares are sold short.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM opened at $63.14 on Monday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 11.20 and a beta of -0.10. The business’s 50-day moving average is $59.86 and its 200-day moving average is $58.44. Cal-Maine Foods has a 1 year low of $42.25 and a 1 year high of $64.76.

Analysts Set New Price Targets

Separately, Stephens reiterated an “equal weight” rating and issued a $65.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Hedge Funds Weigh In On Cal-Maine Foods

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in shares of Cal-Maine Foods by 66.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company’s stock valued at $136,319,000 after acquiring an additional 947,115 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of Cal-Maine Foods during the 4th quarter worth about $47,771,000. Balyasny Asset Management L.P. increased its position in Cal-Maine Foods by 748.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 790,266 shares of the basic materials company’s stock valued at $45,353,000 after buying an additional 697,170 shares in the last quarter. Heartland Advisors Inc. raised its stake in Cal-Maine Foods by 2,331.6% during the 4th quarter. Heartland Advisors Inc. now owns 363,933 shares of the basic materials company’s stock worth $20,886,000 after buying an additional 348,966 shares during the period. Finally, Nuance Investments LLC boosted its holdings in Cal-Maine Foods by 13.0% in the fourth quarter. Nuance Investments LLC now owns 1,771,205 shares of the basic materials company’s stock worth $101,649,000 after acquiring an additional 203,771 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.