Short Interest To Observe: What’s Next for Cbl & Assoc Properties Incorporated (NYSE:CBL) After Having Less Shares Shorted?

November 28, 2016 - By Darrin Black   ·   0 Comments

Short Interest To Observe: What's Next for Cbl & Assoc Properties Incorporated (NYSE:CBL) After Having Less Shares Shorted?

The stock of Cbl & Assoc Properties Incorporated (NYSE:CBL) registered a decrease of 4.15% in short interest. CBL’s total short interest was 11.38M shares in November as published by FINRA. Its down 4.15% from 11.87M shares, reported previously. With 2.60 million shares average volume, it will take short sellers 4 days to cover their CBL’s short positions. The short interest to Cbl & Assoc Properties Incorporated’s float is 6.82%. About 747,391 shares traded hands. CBL & Associates Properties, Inc. (NYSE:CBL) has risen 1.18% since April 25, 2016 and is uptrending. It has underperformed by 4.83% the S&P500.

CBL & Associates Properties, Inc. is a self-managed, self-administered, integrated real estate investment trust (REIT). The company has a market cap of $2.05 billion. The Firm owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. It has a 55.13 P/E ratio. The Company’s divisions are Malls, Associated Centers, Community Centers and All Other.

Insitutional Activity: The institutional sentiment decreased to 1.37 in 2016 Q2. Its down 0.16, from 1.53 in 2016Q1. The ratio is negative, as 30 funds sold all CBL & Associates Properties, Inc. shares owned while 55 reduced positions. 35 funds bought stakes while 95 increased positions. They now own 155.43 million shares or 1.01% less from 157.01 million shares in 2016Q1.
Moreover, Old Mutual Customised Solutions (Proprietary) has 0.01% invested in CBL & Associates Properties, Inc. (NYSE:CBL) for 3,000 shares. Macquarie Group Limited has 0.01% invested in the company for 499,019 shares. Hancock Holdings holds 21,840 shares or 0.01% of its portfolio. Invesco Ltd owns 917,430 shares or 0% of their US portfolio. First Allied Advisory, a Missouri-based fund reported 35,809 shares. Parametric Lc, a Washington-based fund reported 516,454 shares. Meeder Asset Management holds 962 shares or 0% of its portfolio. Moreover, Tower Cap Lc (Trc) has 0% invested in CBL & Associates Properties, Inc. (NYSE:CBL) for 2,228 shares. Arbiter Prtnrs Cap Mngmt Limited Liability Corp holds 0.01% of its portfolio in CBL & Associates Properties, Inc. (NYSE:CBL) for 10,000 shares. Blackrock Japan Ltd owns 7,990 shares or 0% of their US portfolio. Herndon Mngmt Ltd Liability last reported 0% of its portfolio in the stock. Signaturefd Ltd Liability Company last reported 435 shares in the company. Amp Capital Investors Ltd has invested 0% of its portfolio in CBL & Associates Properties, Inc. (NYSE:CBL). Citigroup last reported 32,215 shares in the company. Bank & Trust Of Hawaii last reported 50,795 shares in the company.

CBL & Associates Properties, Inc. (NYSE:CBL) Ratings Coverage

Out of 9 analysts covering CBL & Associates Properties (NYSE:CBL), 1 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 11% are positive. CBL & Associates Properties has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup maintained CBL & Associates Properties, Inc. (NYSE:CBL) rating on Friday, August 5. Citigroup has “Neutral” rating and $11.50 price target. The company was maintained on Tuesday, August 30 by Barclays Capital. The firm has “Neutral” rating by Goldman Sachs given on Thursday, June 2. The rating was downgraded by IBC on Tuesday, October 6 to “Sector Perform”. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, January 6. JP Morgan maintained CBL & Associates Properties, Inc. (NYSE:CBL) on Tuesday, February 9 with “Neutral” rating. The firm earned “Buy” rating on Monday, August 29 by Jefferies. The stock has “Neutral” rating given by BTIG Research on Thursday, August 25. On Friday, February 5 the stock rating was maintained by UBS with “Neutral”. The firm has “Underperform” rating by Boenning & Scattergood given on Wednesday, January 27.

CBL Company Profile

CBL & Associates Properties, Inc. (CBL), incorporated on July 13, 1993, is a self-managed, self-administered, integrated real estate investment trust (REIT). The Firm owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. The Company’s divisions are Malls, Associated Centers, Community Centers and All Other. The Company’s properties are located in over 30 states, and are primarily located in the southeastern and midwestern United States. It conducts its business through CBL & Associates Limited Partnership (the Operating Partnership). It is the owner of two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc.

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By Darrin Black


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