Short Interest of The Day: What’s in Costar Group Incorporated (NASDAQ:CSGP) After Decline in Shorted Shares?

November 30, 2016 - By Clifton Ray   ·   0 Comments

Short Interest of The Day: What’s in Costar Group Incorporated (NASDAQ:CSGP) After Decline in Shorted Shares?

The stock of Costar Group Incorporated (NASDAQ:CSGP) registered a decrease of 1.95% in short interest. CSGP’s total short interest was 886,500 shares in November as published by FINRA. Its down 1.95% from 904,100 shares, reported previously. With 311,100 shares average volume, it will take short sellers 3 days to cover their CSGP’s short positions. The short interest to Costar Group Incorporated’s float is 2.98%. About 124,099 shares traded hands. CoStar Group Inc (NASDAQ:CSGP) has risen 8.64% since April 27, 2016 and is uptrending. It has outperformed by 3.41% the S&P500.

CoStar Group, Inc. is a provider of information, analytics and online marketplaces to the commercial real estate industry. The company has a market cap of $6.16 billion. It manages its business through two divisions: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France. It has a 79.07 P/E ratio. The Firm owns and operates online marketplaces for commercial real estate and apartment listings in the United States.

Insitutional Activity: The institutional sentiment decreased to 0.7 in 2016 Q2. Its down 0.32, from 1.02 in 2016Q1. The ratio fall, as 21 funds sold all CoStar Group Inc shares owned while 87 reduced positions. 43 funds bought stakes while 67 increased positions. They now own 31.64 million shares or 1.86% less from 32.24 million shares in 2016Q1.
Segall Bryant & Hamill Ltd Com holds 0.01% or 1,845 shares in its portfolio. Connable Office holds 0.18% of its portfolio in CoStar Group Inc (NASDAQ:CSGP) for 3,000 shares. Alliancebernstein L P holds 544,283 shares or 0.1% of its portfolio. Ibm Retirement Fund has invested 0.03% of its portfolio in CoStar Group Inc (NASDAQ:CSGP). Finemark Financial Bank Tru has 0.02% invested in the company for 856 shares. State Street has 376,668 shares for 0.01% of their US portfolio. Lenox Wealth Management reported 300 shares or 0.05% of all its holdings. 1St Advsrs has invested 0.05% of its portfolio in CoStar Group Inc (NASDAQ:CSGP). Art Advisors Ltd Liability Company accumulated 0.15% or 13,810 shares. Bell Fincl Bank And last reported 1,713 shares in the company. Peak6 Invs L P last reported 147 shares in the company. Suntrust Banks Incorporated accumulated 2,450 shares or 0% of the stock. Dynamic Capital holds 0.34% of its portfolio in CoStar Group Inc (NASDAQ:CSGP) for 13,138 shares. Panagora Asset Incorporated owns 25 shares or 0% of their US portfolio. The North Carolina-based Sheets Smith Wealth Mgmt has invested 0.25% in CoStar Group Inc (NASDAQ:CSGP).

Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 1 sale for $1.03 million net activity. Another trade for 5,000 shares valued at $1.03M was made by Glosserman Michael J on Monday, August 1.

CoStar Group Inc (NASDAQ:CSGP) Ratings Coverage

Out of 2 analysts covering CoStar Group (NASDAQ:CSGP), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CoStar Group has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, August 22 by Needham. The company was downgraded on Wednesday, August 12 by Zacks.

CSGP Company Profile

CoStar Group, Inc. (CoStar), incorporated on February 2, 1998, is a well-known provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two divisions: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France. The Firm owns and operates online marketplaces for commercial real estate and apartment listings in the United States. It has created and compiled its standardized platform of information, analytics and online marketplace services where industry professionals and clients of commercial real estate, including apartments, and the related business communities, can interact and facilitate transactions by accessing and exchanging standardized real estate-related information. The Company’s service offerings span all commercial property types, including office, retail, industrial, multifamily, commercial land, mixed-use and hospitality.

More notable recent CoStar Group Inc (NASDAQ:CSGP) news were published by: Fool.com which released: “CoStar Group, Inc. Widens Its Lead in the Multifamily Arena” on October 28, 2016, also Prnewswire.com with their article: “CoStar Group Selects Richmond to Headquarter Research Center for Nation’s …” published on October 24, 2016, Fool.com published: “Apartments.com Dominance Fuels CoStar Group, Inc. Earnings” on August 09, 2016. More interesting news about CoStar Group Inc (NASDAQ:CSGP) were released by: Prnewswire.com and their article: “CoStar Group Adds Office Underwriting Reports to CoStar Market Analytics” published on November 09, 2016 as well as Fool.com‘s news article titled: “CoStar Group, Inc. Boosts Full-Year Revenue and Earnings Outlook” with publication date: May 02, 2016.

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By Clifton Ray


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