Could Northstar Realty Europe Corporation (NYSE:NRE) Change Direction After More Shorts?

July 18, 2017 - By Michael Collier

 Could Northstar Realty Europe Corporation (NYSE:NRE) Change Direction After More Shorts?

The stock of Northstar Realty Europe Corporation (NYSE:NRE) registered an increase of 11.53% in short interest. NRE’s total short interest was 741,000 shares in July as published by FINRA. Its up 11.53% from 664,400 shares, reported previously. With 567,100 shares average volume, it will take short sellers 1 days to cover their NRE’s short positions. The short interest to Northstar Realty Europe Corporation’s float is 1.7%.

It closed at $12.7 lastly. It is down 4.98% since July 18, 2016 and is uptrending. It has underperformed by 11.72% the S&P500.

NorthStar Realty Europe Corp. is a real estate investment trust . The company has market cap of $699.02 million. The Firm is a European focused commercial real estate firm with primary office properties in cities within Germany, the United Kingdom and France. It currently has negative earnings. The Company’s objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time.

More notable recent Northstar Realty Europe Corp (NYSE:NRE) news were published by: Prnewswire.com which released: “NorthStar Realty Finance Corp. and NorthStar Realty Europe Corp. Announce …” on November 02, 2015, also Prnewswire.com with their article: “NorthStar Realty Europe Announces First Quarter 2017 Results” published on May 10, 2017, Reuters.com published: “Hedge fund offers to buy NorthStar Realty Europe” on December 09, 2016. More interesting news about Northstar Realty Europe Corp (NYSE:NRE) were released by: Seekingalpha.com and their article: “NorthStar Realty Europe Is No Bargain” published on October 30, 2016 as well as Seekingalpha.com‘s news article titled: “NorthStar Realty Europe just hosted its first earnings call since being spun …” with publication date: March 24, 2016.

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