What’s Colony Northstar Incorporated (NYSE:CLNS) Upside After This Short Interest Decrease?

September 17, 2017 - By Louis Casey

 What's Colony Northstar Incorporated (NYSE:CLNS) Upside After This Short Interest Decrease?

The stock of Colony Northstar Incorporated (NYSE:CLNS) registered a decrease of 2.77% in short interest. CLNS’s total short interest was 13.98 million shares in September as published by FINRA. Its down 2.77% from 14.38M shares, reported previously. With 2.70 million shares average volume, it will take short sellers 5 days to cover their CLNS’s short positions.

The stock decreased 0.31% or $0.04 on September 15, reaching $12.91. About 3.10 million shares traded or 2.99% up from the average. Colony NorthStar Inc (NYSE:CLNS) has risen 25.53% since September 17, 2016 and is uptrending. It has outperformed by 8.83% the S&P500.

Colony NorthStar, Inc. is a diversified equity real estate investment trust . The company has market cap of $7.12 billion. The Firm combines a portfolio of real assets across the world, which are managed with a global real estate investment manager. It has a 142.56 P/E ratio. The Firm has property holdings in the healthcare, industrial and hospitality sectors, opportunistic equity and debt investments, and an embedded institutional and retail investment management business.

Colony NorthStar Inc (NYSE:CLNS) Ratings Coverage

Among 2 analysts covering Colony NorthStar (NYSE:CLNS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Colony NorthStar had 2 analyst reports since March 31, 2017 according to SRatingsIntel. The rating was initiated by JMP Securities on Friday, March 31 with “Mkt Perform”. The company was maintained on Friday, April 21 by Wedbush.

More notable recent Colony NorthStar Inc (NYSE:CLNS) news were published by: Businesswire.com which released: “Colony NorthStar, NorthStar Real Estate Income Trust and NorthStar Real Estate …” on August 28, 2017, also Businesswire.com with their article: “Colony NorthStar Announces Agreement to Sell The Townsend Group to Aon” published on September 01, 2017, Businesswire.com published: “Colony NorthStar, Inc. Announces Redemption of 8.875% Series C Cumulative …” on September 13, 2017. More interesting news about Colony NorthStar Inc (NYSE:CLNS) were released by: Nasdaq.com and their article: “RSI Alert: Colony NorthStar Now Oversold” published on September 15, 2017 as well as Reuters.com‘s news article titled: “Aon to buy real estate investment firm Townsend from Colony NorthStar” with publication date: September 01, 2017.

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