CBS Outdoor Americas Sees Significant Decrease in Short Interest (CBSO)
Shares of CBS Outdoor Americas (NYSE:CBSO) were the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 5,594,437 shares, a decrease of 87.2% from the July 15th total of 43,543,251 shares, Analyst Ratings.Net reports. Based on an average daily volume of 4,198,866 shares, the days-to-cover ratio is currently 1.3 days. Currently, 4.7% of the company’s shares are sold short.
Separately, analysts at Morgan Stanley downgraded shares of CBS Outdoor Americas to an “equal weight” rating in a research note on Wednesday, July 30th.
Shares of CBS Outdoor Americas (NYSE:CBSO) opened at 34.20 on Tuesday. CBS Outdoor Americas has a 1-year low of $27.88 and a 1-year high of $35.69. The stock has a 50-day moving average of $33.14 and a 200-day moving average of $32.01. The company has a market cap of $4.104 billion and a price-to-earnings ratio of 40.20.
CBS Outdoor Americas Inc is a lessors of advertising space (NYSE:CBSO) on out-of-home advertising structures and sites across the United States, Canada and Latin America.
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