CyrusOne Short Interest Up 32.9% in April (CONE)
Shares of CyrusOne (NASDAQ:CONE) were the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 1,252,980 shares, a growth of 32.9% from the April 15th total of 942,779 shares, Analyst Ratings News reports. Approximately 6.5% of the company’s stock are short sold. Based on an average trading volume of 249,342 shares, the days-to-cover ratio is currently 5.0 days.
CONE has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of CyrusOne from $25.00 to $27.00 in a research note on Friday, May 9th. Separately, analysts at Cowen and Company raised their price target on shares of CyrusOne from $27.00 to $32.00 in a research note on Friday, May 9th. Finally, analysts at Evercore Partners raised their price target on shares of CyrusOne from $26.00 to $27.00 in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CyrusOne currently has an average rating of “Buy” and an average price target of $26.08.
CyrusOne (NASDAQ:CONE) opened at 21.95 on Tuesday. CyrusOne has a 52 week low of $17.41 and a 52 week high of $23.44. The stock’s 50-day moving average is $20.87 and its 200-day moving average is $21.26. The company’s market cap is $497.8 million.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $77.50 million for the quarter, compared to the consensus estimate of $74.29 million. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, analysts predict that CyrusOne will post $0.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Wednesday, June 25th.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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