A Reversal for Drive Shack Incorporated (NYSE:DS) Is Near. The Stock Has Decrease in Shorts

September 20, 2017 - By Winifred Garcia

 A Reversal for Drive Shack Incorporated (NYSE:DS) Is Near. The Stock Has Decrease in Shorts

The stock of Drive Shack Incorporated (NYSE:DS) registered a decrease of 8.24% in short interest. DS’s total short interest was 2.94M shares in September as published by FINRA. Its down 8.24% from 3.20 million shares, reported previously. With 482,400 shares average volume, it will take short sellers 6 days to cover their DS’s short positions. The short interest to Drive Shack Incorporated’s float is 5.09%.

It closed at $3.05 lastly. It is down 19.86% since September 20, 2016 and is downtrending. It has underperformed by 36.56% the S&P500.

Drive Shack Inc., formerly Newcastle Investment Corp., is a leisure company. The company has market cap of $204.14 million. The Firm is an owner and operator of golf-related leisure and entertainment businesses. It currently has negative earnings. The Company’s portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets.

More notable recent Drive Shack Inc (NYSE:DS) news were published by: Seekingalpha.com which released: “Investor-Forced Selling Has Caused Drive Shack To Become Heavily Discounted” on September 16, 2017, also Reuters.com with their article: “BRIEF-Newcastle announces name change to Drive Shack Inc” published on December 08, 2016, Forbes.com published: “This Week In Golf Biz: Drive Shack Unveils Second Location, Masters Ticket …” on May 08, 2017. More interesting news about Drive Shack Inc (NYSE:DS) were released by: Bizjournals.com and their article: “Topgolf competitor opening in West Valley (next door to Topgolf’s upcoming …” published on September 12, 2017 as well as Seekingalpha.com‘s news article titled: “Mr. Edens’ Golf Entertainment Venue Looks Promising” with publication date: March 14, 2017.

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