America’s Car-Mart, Inc. (NASDAQ:CRMT) Short Interest Up 14.8% in January

America’s Car-Mart, Inc. (NASDAQ:CRMT) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 934,300 shares, an increase of 14.8% from the December 31st total of 813,800 shares. Based on an average daily trading volume, of 110,600 shares, the short-interest ratio is presently 8.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of America’s Car-Mart by 351.6% during the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock valued at $3,085,000 after buying an additional 57,304 shares during the last quarter. Geode Capital Management LLC lifted its holdings in America’s Car-Mart by 2.0% in the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock worth $5,896,000 after purchasing an additional 2,807 shares during the period. PDT Partners LLC bought a new position in America’s Car-Mart in the 3rd quarter valued at about $974,000. Argent Capital Management LLC acquired a new position in America’s Car-Mart during the 4th quarter valued at about $315,000. Finally, Portolan Capital Management LLC bought a new stake in shares of America’s Car-Mart during the 3rd quarter worth about $3,197,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRMT shares. StockNews.com upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

America’s Car-Mart Stock Performance

Shares of CRMT stock opened at $48.69 on Friday. The business has a 50 day moving average of $49.86 and a two-hundred day moving average of $50.61. America’s Car-Mart has a 52 week low of $37.98 and a 52 week high of $74.10.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.