Cal-Maine Foods, Inc. (NASDAQ:CALM) Short Interest Down 26.8% in June

Cal-Maine Foods, Inc. (NASDAQ:CALM) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 2,240,000 shares, a drop 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. Currently, 5.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Stephens restated 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.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $63.14 on Friday. Cal-Maine Foods has a 52 week low of $42.25 and a 52 week high of $64.76. The stock has a market capitalization of $3.10 billion, a P/E ratio of 11.20 and a beta of -0.10. The stock’s fifty day moving average is $59.86 and its 200 day moving average is $58.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Park Place Capital Corp bought a new position in Cal-Maine Foods in the fourth quarter valued at about $26,000. Cape Investment Advisory Inc. bought a new position in Cal-Maine Foods in the fourth quarter valued at about $32,000. TFO Wealth Partners LLC grew its position in Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 648 shares during the last quarter. CWM LLC grew its position in Cal-Maine Foods by 120.1% in the second quarter. CWM LLC now owns 625 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 341 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Cal-Maine Foods by 73.8% in the second quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 287 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

About Cal-Maine Foods

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.