Follow The Short Interest: A Reversal for Cyrusone Incorporated (NASDAQ:CONE) Is Not Near. The Stock Has Rise in Shorts

November 30, 2016 - By Hazel Jackson   ·   0 Comments

Follow The Short Interest: A Reversal for Cyrusone Incorporated (NASDAQ:CONE) Is Not Near. The Stock Has Rise in Shorts

The stock of Cyrusone Incorporated (NASDAQ:CONE) registered an increase of 1.46% in short interest. CONE’s total short interest was 7.53M shares in November as published by FINRA. Its up 1.46% from 7.42M shares, reported previously. With 1.91M shares average volume, it will take short sellers 4 days to cover their CONE’s short positions. The short interest to Cyrusone Incorporated’s float is 10.25%. The stock increased 1.52% or $0.66 during the last trading session, hitting $44.08. CyrusOne Inc (NASDAQ:CONE) has declined 0.41% since April 27, 2016 and is downtrending. It has underperformed by 5.63% the S&P500.

CyrusOne Inc. is a real estate investment trust. The company has a market cap of $3.70 billion. The Firm is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. It has a 199.57 P/E ratio. The Company’s data centers are generally purpose-built facilities with redundant power and cooling.

Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.05, from 1.28 in 2016Q1. The ratio increased, as 25 funds sold all CyrusOne Inc shares owned while 88 reduced positions. 65 funds bought stakes while 80 increased positions. They now own 72.22 million shares or 2.15% less from 73.81 million shares in 2016Q1.
Pensionfund Dsm Netherlands last reported 0.06% of its portfolio in the stock. Babson Capital Ltd Limited Liability Company holds 0.02% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 12,600 shares. Aperio Group Limited Liability Corporation accumulated 16,313 shares or 0.01% of the stock. James Invest accumulated 42 shares or 0% of the stock. Franklin Res owns 282,050 shares or 0.01% of their US portfolio. Weiss Multi holds 0.06% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 13,699 shares. Vigilant Capital Management Lc has invested 0% of its portfolio in CyrusOne Inc (NASDAQ:CONE). D E Shaw & Co Incorporated last reported 0.05% of its portfolio in the stock. Moreover, Wesley Cap has 1.06% invested in CyrusOne Inc (NASDAQ:CONE) for 16,400 shares. Harrison Street Securities Llc last reported 9,184 shares in the company. Jefferies Group Limited holds 0% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 3,606 shares. Employees Retirement Sys Of Texas holds 0.08% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 111,000 shares. Raymond James Fin Services Advsrs holds 0.04% of its portfolio in CyrusOne Inc (NASDAQ:CONE) for 71,920 shares. Friess Assocs Ltd Com, a Wyoming-based fund reported 4,640 shares. Amica Retiree Tru accumulated 0.03% or 531 shares.

CyrusOne Inc (NASDAQ:CONE) Ratings Coverage

Out of 10 analysts covering Cyrusone Inc (NASDAQ:CONE), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. Cyrusone Inc has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Wednesday, May 11, the company rating was maintained by RBC Capital Markets. On Monday, November 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of CyrusOne Inc (NASDAQ:CONE) earned “Buy” rating by Suntrust Robinson on Tuesday, November 24. The firm has “Buy” rating given on Thursday, August 11 by Jefferies. On Thursday, March 24 the stock rating was maintained by JP Morgan with “Overweight”. The stock of CyrusOne Inc (NASDAQ:CONE) has “Buy” rating given on Monday, July 18 by Deutsche Bank. Gabelli downgraded the stock to “Hold” rating in Thursday, August 20 report. The firm has “Outperform” rating by Wells Fargo given on Wednesday, June 1. The firm has “Overweight” rating by JP Morgan given on Tuesday, December 22. The rating was maintained by Stifel Nicolaus on Thursday, February 25 with “Buy”.

CONE Company Profile

CyrusOne Inc., incorporated on July 31, 2012, is a real estate investment trust. The Firm is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. The Firm has data centers in the United States, London and Singapore. The Firm provides mission-critical data center facilities that protect and ensure the continued operation of information technology (IT) infrastructure for approximately 930 clients in over 30 data centers and approximately two recovery centers in over 10 distinct markets, collectively providing approximately 2,954,000 net rentable square feet (NRSF).

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By Hazel Jackson


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