NorthStar Asset Management Group June 15th Short Interest Update

NorthStar Asset Management Group (NYSE:NSAM) reported a rise of 69% or 2,332,812 shares in its short interest. The short figure came in at 3.3% of the total floats. The average daily volume of 3,522,390 shares suggests that the days to cover 5,712,664 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 3,379,852 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

NorthStar Asset Management Group (NYSE:NSAM): The stock opened at $10.56 on Friday but the bulls could not build on the opening and the stock topped out at $10.92 for the day. The stock traded down to $10.52 during the day, due to lack of any buying support eventually closed down at $10.75 with a loss of -2.09% for the day. The stock had closed at $10.98 on the previous day. The total traded volume was 4,901,490 shares.

The company shares have dropped -42.67% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $19.40 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $11.85 and the 200 Day Moving Average price is recorded at $11.56.

NorthStar Asset Management Group (NYSE:NSAM) has tumbled 4.36% during the past week and has dropped 13.72% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.77%. NorthStar Asset Management Group (NYSE:NSAM) has underperformed the index by 11.11% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Northstar Asset Management Group Inc. is an asset management company. The Company is focused on managing real estate and other investment platforms in the United States and internationally. The Company owns NorthStar Realty Securities, LLC (NorthStar Securities), which is a captive broker-dealer platform and raises capital in the retail market for its sponsored companies. The Companys sponsored companies include NorthStar Real Estate Income Trust, Inc. (NorthStar Income); NorthStar Healthcare Income, Inc. (North Star Healthcare); NorthStar/RXR New York Metro Income, Inc. ( NorthStar/RXR New York Metro), and NorthStar Corporate Income, Inc. (NorthStar Corporate). The Company also leases its offices in New York; Denver, Colorado; Dallas, Texas; Bethesda, Maryland; London, United Kingdom; Senningerberg, Luxembourg, Los Angeles, California, and Pembroke, Bermuda.

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