What’s Ahead for Crown Castle International Corp (reit) (NYSE:CCI) After More Shorted Shares?

February 24, 2018 - By Marie Mckinney

 What’s Ahead for Crown Castle International Corp (reit) (NYSE:CCI) After More Shorted Shares?

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.27, from 1.31 in 2017Q2. It improved, as 46 investors sold Crown Castle International Corp. shares while 172 reduced holdings. 72 funds opened positions while 272 raised stakes. 377.71 million shares or 14.61% more from 329.57 million shares in 2017Q2 were reported.
Cibc Ww Mkts holds 59,172 shares. Axa owns 65,436 shares. Mayo Advisers Lc reported 2.49% in Crown Castle International Corp. (NYSE:REIT). Moreover, Rafferty Asset Lc has 0.15% invested in Crown Castle International Corp. (NYSE:REIT) for 67,215 shares. Evercore Wealth Ltd Liability Com accumulated 4,564 shares or 0.02% of the stock. Bahl Gaynor Inc invested in 1.44M shares. 5,795 were accumulated by First Interstate Fincl Bank. San Francisco Sentry Inv Grp (Ca), California-based fund reported 52 shares. Hl Fincl Services accumulated 5,266 shares. 131,016 were reported by Comerica State Bank. Acadian Asset Management Limited Liability Co holds 1,034 shares. Rmsincerbeaux Cap Mgmt invested in 0.29% or 3,000 shares. Amp Cap Invsts Ltd reported 1.10M shares. Andra Ap invested in 140,300 shares or 0.33% of the stock. Asset accumulated 0.05% or 2,889 shares.

The stock of Crown Castle International Corp (reit) (NYSE:CCI) registered an increase of 5.37% in short interest. CCI’s total short interest was 8.61M shares in February as published by FINRA. Its up 5.37% from 8.17 million shares, reported previously. With 2.94 million shares average volume, it will take short sellers 3 days to cover their CCI’s short positions. The short interest to Crown Castle International Corp (reit)’s float is 2.13%.

The stock increased 1.83% or $1.98 during the last trading session, reaching $110.44. About 1.73M shares traded. Crown Castle International Corp. (NYSE:REIT) has 0.00% since February 24, 2017 and is . It has underperformed by 16.70% the S&P500.

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company has market cap of $44.87 billion. The firm provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network . It has a 109.35 P/E ratio. It provides access, including space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, including license, sublease, and lease agreements.

Crown Castle International Corp. (NYSE:REIT) Ratings Coverage

Among 5 analysts covering Dow Jones Equity All REIT Total Return Index REIT (NYSE:REIT), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Dow Jones Equity All REIT Total Return Index REIT had 5 analyst reports since March 23, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, April 12 by Guggenheim.

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