CommonWealth REIT Short Interest Up 40.8% in May (CWH)
CommonWealth REIT (NYSE:CWH) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 11,898,443 shares, a growth of 40.8% from the April 30th total of 8,448,506 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 2,134,898 shares, the short-interest ratio is presently 5.6 days. Currently, 10.6% of the company’s stock are sold short.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of CommonWealth REIT from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 28th. They now have a $26.70 price target on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of CommonWealth REIT from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. Finally, analysts at Stifel Nicolaus downgraded shares of CommonWealth REIT from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th.
CommonWealth REIT (NYSE:CWH) opened at 28.06 on Monday. CommonWealth REIT has a 1-year low of $20.09 and a 1-year high of $28.21. The stock’s 50-day moving average is $25.84 and its 200-day moving average is $25.21.
CommonWealth REIT (NYSE:CWH) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.01. The company had revenue of $217.30 million for the quarter, compared to the consensus estimate of $202.97 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 17.3% on a year-over-year basis. On average, analysts predict that CommonWealth REIT will post $2.27 earnings per share for the current fiscal year.
CommonWealth REIT (NYSE:CWH) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.