Short Interest Runner: Coresite Realty Corporation (NYSE:COR) Shorted Shares Increased 8.33% After Market Selling

November 30, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Runner: Coresite Realty Corporation (NYSE:COR) Shorted Shares Increased 8.33% After Market Selling

The stock of Coresite Realty Corporation (NYSE:COR) registered an increase of 8.33% in short interest. COR’s total short interest was 2.39 million shares in November as published by FINRA. Its up 8.33% from 2.21 million shares, reported previously. With 433,100 shares average volume, it will take short sellers 6 days to cover their COR’s short positions. The short interest to Coresite Realty Corporation’s float is 7.68%. The stock increased 1.58% or $1.11 during the last trading session, hitting $71.24. CoreSite Realty Corp (NYSE:COR) has declined 1.47% since April 27, 2016 and is downtrending. It has underperformed by 6.69% the S&P500.

CoreSite Realty Corporation is an integrated, self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $3.41 billion. Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia (including Washington D.C.), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver. It has a 50.27 P/E ratio. It delivers data center and interconnection solutions across approximately eight North American markets.

Insitutional Activity: The institutional sentiment decreased to 1.34 in 2016 Q2. Its down 0.17, from 1.51 in 2016Q1. The ratio is negative, as 19 funds sold all CoreSite Realty Corp shares owned while 70 reduced positions. 40 funds bought stakes while 94 increased positions. They now own 32.02 million shares or 9.16% more from 29.33 million shares in 2016Q1.
Etrade Ltd has 0.07% invested in the company for 14,993 shares. Miles Capital Incorporated last reported 0.3% of its portfolio in the stock. The Texas-based Financial Mgmt Professionals has invested 0% in CoreSite Realty Corp (NYSE:COR). Citadel Advsr Limited Liability Corp holds 0.01% or 102,290 shares in its portfolio. The New York-based Pinebridge L P has invested 0.02% in CoreSite Realty Corp (NYSE:COR). Thompson Siegel Walmsley Ltd Liability Corp last reported 0% of its portfolio in the stock. Charter holds 4,429 shares or 0.05% of its portfolio. Skytop Cap Management Lc owns 35,000 shares or 2.68% of their US portfolio. Cupps Cap Limited Co last reported 36,595 shares in the company. Macquarie Gru Ltd reported 174,834 shares or 0.03% of all its holdings. Btim last reported 557,446 shares in the company. American Assets Invest Mngmt Ltd Liability Company, a California-based fund reported 30,000 shares. Cornerstone Management Holdg Limited Liability Com owns 33,533 shares or 0.02% of their US portfolio. Stifel has 0% invested in the company for 3,056 shares. Tiaa Cref Investment Management Ltd Com accumulated 191,140 shares or 0.01% of the stock.

CoreSite Realty Corp (NYSE:COR) Ratings Coverage

Out of 8 analysts covering CoreSite Realty (NYSE:COR), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. CoreSite Realty has been the topic of 14 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, April 29 the stock rating was downgraded by Stephens to “Equal-Weight”. On Monday, October 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Jefferies to “Hold” on Tuesday, August 25. The stock of CoreSite Realty Corp (NYSE:COR) has “Sell” rating given on Monday, July 11 by Stifel Nicolaus. As per Friday, July 24, the company rating was maintained by RBC Capital Markets. The stock of CoreSite Realty Corp (NYSE:COR) earned “Sell” rating by Stifel Nicolaus on Friday, July 29. The firm has “Mkt Perform” rating given on Friday, October 7 by Raymond James. The stock has “Buy” rating given by Jefferies on Thursday, August 11. RBC Capital Markets maintained CoreSite Realty Corp (NYSE:COR) on Tuesday, February 16 with “Outperform” rating. The stock of CoreSite Realty Corp (NYSE:COR) earned “Buy” rating by BB&T Capital on Thursday, November 12.

COR Company Profile

CoreSite Realty Corporation (CoreSite), incorporated on February 17, 2010, is an integrated, self-administered and self-managed real estate investment trust (REIT). Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia (including Washington D.C.), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver. It delivers data center and interconnection solutions across approximately eight North American markets.

More important recent CoreSite Realty Corp (NYSE:COR) news were published by: Businesswire.com which released: “CoreSite Realty Corporation Announces Executive Leadership Transition” on July 28, 2016, also Businesswire.com published article titled: “CoreSite Realty Corporation Announces Sale of Common Stock by The Carlyle Group”, Businesswire.com published: “CoreSite Realty Corporation Schedules Third-Quarter 2016 Earnings Release and …” on September 29, 2016. More interesting news about CoreSite Realty Corp (NYSE:COR) was released by: Businesswire.com and their article: “CoreSite Realty Corporation Successfully Attains HIPAA Compliance Validation” with publication date: August 25, 2016.

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By Linda Rogers


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