Shorts On Watch: Corenergy Infrastructure Trust N (NYSE:CORR) Reports Decline in Sellers; Strong Momentum for Longs

November 30, 2016 - By Marie Mckinney   ·   0 Comments

Shorts On Watch: Corenergy Infrastructure Trust N (NYSE:CORR) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Corenergy Infrastructure Trust N (NYSE:CORR) registered a decrease of 13.83% in short interest. CORR’s total short interest was 972,800 shares in November as published by FINRA. Its down 13.83% from 1.13M shares, reported previously. With 224,700 shares average volume, it will take short sellers 4 days to cover their CORR’s short positions. The stock increased 0.87% or $0.28 on November 29, hitting $32.53. Corenergy Infrastructure Trust Inc (NYSE:CORR) has risen 54.10% since April 27, 2016 and is uptrending. It has outperformed by 48.87% the S&P500.

CorEnergy Infrastructure Trust, Inc

Corenergy Infrastructure Trust Inc (NYSE:CORR) Ratings Coverage

Out of 5 analysts covering CorEnergy Infrastructure Trust (NYSE:CORR), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. CorEnergy Infrastructure Trust has been the topic of 13 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 28. The firm has “Buy” rating given on Thursday, September 22 by DA Davidson. The rating was downgraded by Wells Fargo to “Market Perform” on Thursday, February 25. On Tuesday, November 15 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) has “Buy” rating given on Wednesday, August 12 by Stifel Nicolaus. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 12. The company was downgraded on Friday, May 6 by RBC Capital Markets. The firm earned “Hold” rating on Thursday, August 11 by Stifel Nicolaus. The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) earned “Sector Perform” rating by RBC Capital Markets on Monday, November 14. The firm earned “Neutral” rating on Wednesday, December 9 by Bank of America.

CORR Company Profile

CorEnergy Infrastructure Trust, Inc. (CorEnergy), incorporated on October 8, 2005, is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Firm also provides other types of capital, including loans secured by energy infrastructure assets. The Firm owns assets, such as pipelines, storage terminals, and transmission and distribution assets. It assets include Grand Isle Gathering System, Pinedale Liquids Gathering System (Pinedale LGS), Portland Terminal Facility, MoGas Pipeline System and Omega Pipeline.

More news for Corenergy Infrastructure Trust Inc (NYSE:CORR) were recently published by: Marketwatch.com, which released: “CorEnergy upgraded to buy from hold at Stifel Nicolaus” on December 10, 2012. Nasdaq.com‘s article titled: “CorEnergy Infrastructure Trust, Inc. (CORR) Ex-Dividend Date Scheduled for …” and published on November 09, 2016 is yet another important article.

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By Marie Mckinney


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