CAI International Inc (NYSE:CAI) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 574,400 shares, a decrease of 15.9% from the December 15th total of 683,400 shares. Based on an average daily volume of 116,500 shares, the days-to-cover ratio is currently 4.9 days. Approximately 3.6% of the company’s stock are short sold.

A number of hedge funds have recently made changes to their positions in the business. Weiss Asset Management LP lifted its stake in CAI International by 93.7% in the second quarter. Weiss Asset Management LP now owns 803,418 shares of the transportation company’s stock valued at $19,941,000 after acquiring an additional 388,603 shares during the last quarter. Northern Trust Corp lifted its stake in CAI International by 1.7% in the second quarter. Northern Trust Corp now owns 214,139 shares of the transportation company’s stock valued at $5,315,000 after acquiring an additional 3,509 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in CAI International by 4.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 161,382 shares of the transportation company’s stock valued at $4,006,000 after acquiring an additional 6,504 shares during the last quarter. Millennium Management LLC acquired a new stake in CAI International in the third quarter valued at $3,409,000. Finally, Bank of New York Mellon Corp lifted its stake in CAI International by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 118,256 shares of the transportation company’s stock valued at $2,935,000 after acquiring an additional 4,046 shares during the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

CAI traded down $0.07 during trading hours on Wednesday, hitting $28.69. 83,048 shares of the company’s stock were exchanged, compared to its average volume of 78,925. CAI International has a 1-year low of $17.87 and a 1-year high of $29.57. The stock’s 50-day moving average is $27.24 and its two-hundred day moving average is $23.61. The stock has a market cap of $502.86 million, a price-to-earnings ratio of 7.88 and a beta of 1.77. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.13.

CAI International (NYSE:CAI) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($1.12). The firm had revenue of $107.60 million during the quarter, compared to analyst estimates of $108.04 million. CAI International had a net margin of 9.68% and a return on equity of 11.43%. The business’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. On average, equities research analysts anticipate that CAI International will post 3 EPS for the current year.

Several brokerages recently commented on CAI. Zacks Investment Research upgraded shares of CAI International from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 7th. Cowen cut shares of CAI International from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Co restated a “sell” rating on shares of CAI International in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.33.

CAI International Company Profile

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

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