Carter Bankshares, Inc. (NASDAQ:CARE – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 562,200 shares, a growth of 7.4% from the July 15th total of 523,400 shares. Based on an average daily trading volume, of 85,900 shares, the short-interest ratio is currently 6.5 days. Currently, 2.5% of the shares of the stock are sold short.
Institutional Trading of Carter Bankshares
A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC acquired a new position in shares of Carter Bankshares during the 4th quarter worth about $26,000. Concord Wealth Partners acquired a new stake in Carter Bankshares during the fourth quarter valued at approximately $56,000. XTX Topco Ltd bought a new stake in shares of Carter Bankshares in the 2nd quarter valued at approximately $239,000. Black Maple Capital Management LP acquired a new position in shares of Carter Bankshares in the 1st quarter worth approximately $293,000. Finally, Squarepoint Ops LLC bought a new position in shares of Carter Bankshares during the 2nd quarter worth approximately $517,000. 41.48% of the stock is currently owned by institutional investors and hedge funds.
Carter Bankshares Price Performance
Shares of NASDAQ:CARE opened at $16.24 on Monday. Carter Bankshares has a one year low of $10.43 and a one year high of $17.32. The company has a market capitalization of $373.76 million, a PE ratio of 28.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average of $14.91 and a 200-day moving average of $13.53.
Carter Bankshares Company Profile
Carter Bankshares, Inc operates as the bank holding company for Carter Bank & Trust that provides various banking products and services in the United States. It accepts various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposits.
Recommended Stories
- Five stocks we like better than Carter Bankshares
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- This Small Cap Wealth Management Stock Could Provide Big Returns
- How to Use the MarketBeat Excel Dividend Calculator
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Overbought Stocks Explained: Should You Trade Them?
- MarketBeat Week in Review – 8/12 – 8/16
Receive News & Ratings for Carter Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.