Caesarstone Ltd. (NASDAQ:CSTE) Short Interest Update

Caesarstone Ltd. (NASDAQ:CSTE) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 25,371 shares, a decline of 50.4% from the February 12th total of 51,156 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 100,069 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 100,069 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Caesarstone to a “strong sell” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Caesarstone Stock Performance

Caesarstone stock traded down $0.07 during mid-day trading on Friday, reaching $0.62. 39,162,266 shares of the company were exchanged, compared to its average volume of 1,000,968. The firm has a market cap of $21.43 million, a P/E ratio of -0.16 and a beta of -0.03. The business has a fifty day moving average of $1.85 and a 200 day moving average of $1.58. Caesarstone has a 12-month low of $0.56 and a 12-month high of $3.26.

Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings results on Wednesday, March 4th. The construction company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.10). The company had revenue of $94.44 million during the quarter, compared to analysts’ expectations of $93.70 million. Caesarstone had a negative net margin of 34.60% and a negative return on equity of 24.33%.

Hedge Funds Weigh In On Caesarstone

A number of large investors have recently added to or reduced their stakes in CSTE. Simplex Trading LLC purchased a new stake in shares of Caesarstone during the second quarter valued at about $26,000. Pitcairn Co. bought a new stake in shares of Caesarstone in the 2nd quarter valued at about $31,000. Virtu Financial LLC purchased a new position in shares of Caesarstone in the 4th quarter worth approximately $30,000. Quadrature Capital Ltd bought a new position in shares of Caesarstone during the 2nd quarter worth approximately $36,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Caesarstone during the 2nd quarter worth approximately $56,000. 33.70% of the stock is currently owned by institutional investors.

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.