Caesarstone Ltd. (NASDAQ:CSTE) Short Interest Down 14.0% in January

Caesarstone Ltd. (NASDAQ:CSTE) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 96,392 shares, a decline of 14.0% from the January 15th total of 112,113 shares. Based on an average daily volume of 113,038 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 113,038 shares, the short-interest ratio is presently 0.9 days.

Caesarstone Price Performance

Shares of CSTE traded down $0.01 on Tuesday, reaching $2.11. The company’s stock had a trading volume of 34,281 shares, compared to its average volume of 95,528. Caesarstone has a 12-month low of $0.86 and a 12-month high of $4.14. The stock’s 50 day simple moving average is $2.01 and its two-hundred day simple moving average is $1.62. The stock has a market capitalization of $72.73 million, a P/E ratio of -1.04 and a beta of -0.09.

Institutional Trading of Caesarstone

A number of large investors have recently made changes to their positions in CSTE. Simplex Trading LLC bought a new stake in Caesarstone in the second quarter worth $26,000. Pitcairn Co. bought a new stake in shares of Caesarstone during the second quarter valued at approximately $31,000. Quadrature Capital Ltd bought a new stake in Caesarstone during the 2nd quarter valued at $36,000. Qube Research & Technologies Ltd bought a new position in shares of Caesarstone during the 2nd quarter worth $56,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Caesarstone during the third quarter valued at $89,000. 33.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Caesarstone to a “strong sell” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Caesarstone presently has a consensus rating of “Sell”.

Caesarstone Company Profile

Caesarstone Ltd. is an Israel-based manufacturer specializing in engineered quartz surfaces for residential and commercial applications. The company’s core business centers on the design, production and marketing of quartz slabs and tiles used for kitchen countertops, bathroom vanities, flooring and wall cladding. Caesarstone’s products combine natural quartz with resins and pigments to deliver durable, low-maintenance surfaces known for their aesthetic versatility and resistance to scratches, stains and heat.

Founded in 1987 and headquartered at Kibbutz Sdot Yam, Israel, Caesarstone has grown into a global brand with distribution in over 50 countries.