Short Interest Don’t Lie: What Next for Newcastle Investment Corporation (NYSE:NCT) Stock After Decrease in Shorted Shares?

November 30, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Don't Lie: What Next for Newcastle Investment Corporation (NYSE:NCT) Stock After Decrease in Shorted Shares?

The stock of Newcastle Investment Corporation (NYSE:NCT) registered a decrease of 17.53% in short interest. NCT’s total short interest was 244,200 shares in November as published by FINRA. Its down 17.53% from 296,100 shares, reported previously. With 187,000 shares average volume, it will take short sellers 1 days to cover their NCT’s short positions. The short interest to Newcastle Investment Corporation’s float is 0.4%. About 155,170 shares traded hands. Newcastle Investment Corp. (NYSE:NCT) has risen 1.59% since April 27, 2016 and is uptrending. It has underperformed by 3.64% the S&P500.

Newcastle Investment Corp. is a real estate investment trust (REIT). The company has a market cap of $295.72 million. The Firm focuses on investing in, and managing, a range of real estate related and other investments. It has a 3.57 P/E ratio. The Company’s divisions include debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investment in golf properties and facilities (Golf) and corporate.

Insitutional Activity: The institutional sentiment increased to 1.76 in Q2 2016. Its up 1.11, from 0.65 in 2016Q1. The ratio improved, as 18 funds sold all Newcastle Investment Corp. shares owned while 30 reduced positions. 10 funds bought stakes while 21 increased positions. They now own 26.35 million shares or 1.18% less from 26.66 million shares in 2016Q1.
Credit Suisse Ag, a Switzerland-based fund reported 128,338 shares. Geode Mgmt Limited holds 0% or 364,756 shares in its portfolio. Manufacturers Life Insur Co The last reported 0% of its portfolio in the stock. The New York-based Springbok Cap Mgmt Lc has invested 0% in Newcastle Investment Corp. (NYSE:NCT). Great West Life Assurance Can last reported 0% of its portfolio in the stock. Connor Clark Lunn Ltd has invested 0.01% of its portfolio in Newcastle Investment Corp. (NYSE:NCT). American Assets Cap Advisers last reported 4.48% of its portfolio in the stock. Citadel Ltd Liability, a Illinois-based fund reported 47,752 shares. Parallax Volatility Advisers L P holds 15,471 shares or 0% of its portfolio. Fincl Bank Of America Corporation De accumulated 0% or 16,284 shares. Jpmorgan Chase Comm reported 242,439 shares or 0% of all its holdings. The Colorado-based Denver Investment Advsr Ltd has invested 0% in Newcastle Investment Corp. (NYSE:NCT). Moreover, D E Shaw & has 0% invested in Newcastle Investment Corp. (NYSE:NCT) for 53,572 shares. Deutsche Bank Ag holds 124,904 shares or 0% of its portfolio. Shikiar Asset Mngmt holds 46,500 shares or 0.09% of its portfolio.

NCT Company Profile

Newcastle Investment Corp. (Newcastle), incorporated on June 6, 2002, is a real estate investment trust (REIT). The Firm focuses on investing in, and managing, a range of real estate related and other investments. The Company’s divisions include debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investment in golf properties and facilities (Golf) and corporate. The Firm is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager). The Firm invests in real estate related debt and golf related real estate and operations. The Company’s investments are primarily secured by or related to commercial real estate.

More news for Newcastle Investment Corp. (NYSE:NCT) were recently published by: Marketwatch.com, which released: “Newcastle Investment Corp.” on December 22, 2009. Nasdaq.com‘s article titled: “Newcastle Investment Corp. Bottom Line Rises 75% In Q3” and published on November 04, 2016 is yet another important article.

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By Adrian Mccoy


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