November 30, 2016 - By Ellis Scott · 0 Comments
The stock of Cencosud SA (NYSE:CNCO) registered an increase of 25.53% in short interest. CNCO’s total short interest was 281,700 shares in November as published by FINRA. Its up 25.53% from 224,400 shares, reported previously. With 73,500 shares average volume, it will take short sellers 4 days to cover their CNCO’s short positions. The short interest to Cencosud SA’s float is 0.17%. The stock decreased 1.82% or $0.16 on November 29, hitting $8.62. Cencosud SA (NYSE:CNCO) has risen 1.41% since April 27, 2016 and is uptrending. It has underperformed by 3.82% the S&P500.
Out of 3 analysts covering Cencosud (NYSE:CNCO), 0 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 0 are positive. Cencosud has been the topic of 3 analyst reports since June 6, 2016 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Saturday, August 27 by Bank of America. The rating was downgraded by Citigroup to “Neutral” on Friday, May 6. The stock has “Sell” rating given by Goldman Sachs on Monday, June 6.
Cencosud S.A., incorporated on December 28, 1978, is a multi-brand retailer in South America. The Firm operates through six divisions: supermarkets, home improvement stores, department stores, shopping centers, financial services and Other. It is also engaged in the commercial real estate development business in Chile, Argentina, Colombia and Peru, with over 50 shopping malls representing approximately 794,590 square meters of gross leasable area (GLA). The Firm offers private label credit cards, consumer loans and limited financial services to its retail customers. Additionally, the Company operates other lines of business that complement the main retail operations, such as insurance brokerage, travel agency, customer loyalty services and family entertainment centers. The Firm has approximately 1,180 stores and shopping centers with an aggregate of approximately 4,416,700 square meters of selling space.
More news for Cencosud SA (NYSE:CNCO) were recently published by: Seekingalpha.com, which released: “Cencosud S.A. (CNCO) Q3 2016 Results – Earnings Call Transcript” on November 23, 2016. Prnewswire.com‘s article titled: “Cencosud S.A. Announces Filing of its Annual Report Form 20-F for 2014” and published on May 01, 2015 is yet another important article.
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By Ellis Scott