Shorts On Watch: What Will Happen to Communications Sales & Leasing I (NASDAQ:CSAL) Next? The Stock Has Decline in Shorts

November 30, 2016 - By Marguerite Chambers   ·   0 Comments

Shorts On Watch: What Will Happen to Communications Sales & Leasing I (NASDAQ:CSAL) Next? The Stock Has Decline in Shorts

The stock of Communications Sales & Leasing I (NASDAQ:CSAL) registered a decrease of 14.6% in short interest. CSAL’s total short interest was 3.01M shares in November as published by FINRA. Its down 14.6% from 3.52M shares, reported previously. With 785,100 shares average volume, it will take short sellers 4 days to cover their CSAL’s short positions. The short interest to Communications Sales & Leasing I’s float is 1.96%. About 302,563 shares traded hands. Communications Sales & Leasing Inc (NASDAQ:CSAL) has risen 6.88% since April 27, 2016 and is uptrending. It has outperformed by 1.65% the S&P500.

Communications Sales & Leasing, Inc

Communications Sales & Leasing Inc (NASDAQ:CSAL) Ratings Coverage

Out of 6 analysts covering Communications Sales & Leasing Inc When Issued (NASDAQ:CSAL), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Communications Sales & Leasing Inc When Issued has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The stock of Communications Sales & Leasing Inc (NASDAQ:CSAL) has “Strong Buy” rating given on Wednesday, November 2 by Raymond James. As per Wednesday, September 2, the company rating was upgraded by Zacks. The stock of Communications Sales & Leasing Inc (NASDAQ:CSAL) earned “Overweight” rating by JP Morgan on Monday, September 26. DA Davidson maintained Communications Sales & Leasing Inc (NASDAQ:CSAL) rating on Monday, March 7. DA Davidson has “Buy” rating and $30 price target. The stock of Communications Sales & Leasing Inc (NASDAQ:CSAL) earned “Overweight” rating by Morgan Stanley on Tuesday, October 6. Zacks downgraded Communications Sales & Leasing Inc (NASDAQ:CSAL) on Friday, August 21 to “Hold” rating. The firm earned “Outperform” rating on Tuesday, December 1 by Raymond James.

CSAL Company Profile

Communications Sales & Leasing, Inc. (CS&L), incorporated on October 04, 2014, is an internally managed real estate investment trust (REIT) engaged in the acquisition and construction of a range of infrastructure in the communications industry. The Firm is focused on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. The Firm operates through two divisions: Leasing and Consumer competitive local exchange carrier (CLEC). The Company’s Leasing segment represents its REIT operations. The Consumer CLEC segment represents the activities of its Consumer CLEC Business.

More notable recent Communications Sales & Leasing Inc (NASDAQ:CSAL) news were published by: Fool.com which released: “Why Communications Sales & Leasing, Inc. Fell 12% Today” on November 14, 2016, also Marketwatch.com with their article: “Communications Sales & Leasing swings to loss” published on August 11, 2016, Globenewswire.com published: “Communications Sales & Leasing, Inc. Announces Planned Disposition by …” on June 20, 2016. More interesting news about Communications Sales & Leasing Inc (NASDAQ:CSAL) were released by: Globenewswire.com and their article: “Communications Sales & Leasing, Inc. Reports 2016 Third Quarter Results” published on November 14, 2016 as well as Globenewswire.com‘s news article titled: “Communications Sales & Leasing, Inc. Elects Andrew Frey to Board of Directors” with publication date: August 09, 2016.

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By Marguerite Chambers


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