Short Interest Report: What’s Ahead for Costamare Incorporated (NYSE:CMRE) After More Shorted Shares?

November 29, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Report: What’s Ahead for Costamare Incorporated (NYSE:CMRE) After More Shorted Shares?

The stock of Costamare Incorporated (NYSE:CMRE) registered an increase of 5.84% in short interest. CMRE’s total short interest was 1.78 million shares in November as published by FINRA. Its up 5.84% from 1.69M shares, reported previously. With 383,500 shares average volume, it will take short sellers 5 days to cover their CMRE’s short positions. The short interest to Costamare Incorporated’s float is 6.44%. About 403,197 shares traded hands or 6.71% up from the average. Costamare Inc (NYSE:CMRE) has declined 28.51% since April 26, 2016 and is downtrending. It has underperformed by 33.77% the S&P500.

Costamare Inc. is an international owner of containerships. The company has a market cap of $495.26 million. The Firm provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. It has a 4.05 P/E ratio. The Firm has a fleet of approximately 70 containerships with a total capacity of over 467,000 20-foot equivalent unit (TEU), including approximately 10 newbuilds on order.

Costamare Inc (NYSE:CMRE) Ratings Coverage

Out of 4 analysts covering Costamare (NYSE:CMRE), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Costamare has been the topic of 6 analyst reports since December 18, 2015 according to StockzIntelligence Inc. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, October 5. Barclays Capital reinitiated Costamare Inc (NYSE:CMRE) on Monday, January 11 with “Equal Weight” rating. The stock of Costamare Inc (NYSE:CMRE) earned “Underweight” rating by JP Morgan on Friday, December 18. Morgan Stanley downgraded Costamare Inc (NYSE:CMRE) rating on Thursday, June 30. Morgan Stanley has “Equal-Weight” rating and $7.50 price target. As per Friday, January 29, the company rating was maintained by Credit Suisse.

CMRE Company Profile

Costamare Inc. (Costamare), incorporated on April 21, 2008, is an international owner of containerships. The Firm provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters.

More notable recent Costamare Inc (NYSE:CMRE) news were published by: Fool.com which released: “Dividend Concerns Sink Costamare Inc’s Stock” on June 30, 2016, also Marketwatch.com with their article: “Costamare Inc. Announces Implementation of Dividend Reinvestment Plan” published on July 06, 2016, Seekingalpha.com published: “Costamare Inc.: Pure Arbitrage Trade That Continues To Exist” on October 05, 2016. More interesting news about Costamare Inc (NYSE:CMRE) were released by: Seekingalpha.com and their article: “Costamare, Inc.: Another Preferred Dividend Opportunity Revisited” published on May 31, 2016 as well as Marketwired.com‘s news article titled: “Costamare Inc. Announces Availability of Its Annual Report on Form 20-F for …” with publication date: April 27, 2016.

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By Linda Rogers


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