Crown Castle International Corporation (NYSE:CCI), According to the latest information the short interest in Crown Castle International shot up by 14.3% or 1,221,941 shares. The final shorts are 2.9% of the total floated shares. The positions increased from 8,573,531 shares on May 31,2016 to 9,795,472 on June 15,2016. According to the per-day average trading of 1,959,182 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Crown Castle International Corporation (NYSE:CCI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.25 and $93.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $97.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.44, notching a gain of 0.37% for the day. The total traded volume was 9,755,646 . The stock had closed at $96.08 on the previous day.
The company shares have rallied 19.86% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $97.34 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $92.23 and the 200 Day Moving Average price is recorded at $87.30.
Crown Castle International Corporation (NYSE:CCI) has climbed 2.15% in the past week and advanced 6.21% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.85% and the outperformance has advanced to 9.43% for the last 4 weeks period.
Crown Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). The Company conducts its operations principally through subsidiaries of (CCOC), including certain subsidiaries, which operate its wireless infrastructure portfolios in the United States, including Puerto Rico (CCUSA).