CBL & Associates Properties (NYSE:CBL) reported a rise of 5.1% or 442,602 shares in its short interest. The short figure came in at 5.4% of the total floats. The average daily volume of 2,837,014 shares suggests that the days to cover 9,039,374 short positions, as on June 15,2016, will be 3. On May 31,2016, the short interest was 8,596,772 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
CBL & Associates Properties (NYSE:CBL): The stock opened at $9.55 on Friday but the bulls could not build on the opening and the stock topped out at $9.87 for the day. The stock traded down to $9.46 during the day, due to lack of any buying support eventually closed down at $9.60 with a loss of -1.44% for the day. The stock had closed at $9.74 on the previous day. The total traded volume was 15,988,024 shares.
The company shares have dropped -40.04% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $16.61 and the one year low was seen on May 25, 2016. The 50-Day Moving Average price is $10.24 and the 200 Day Moving Average price is recorded at $11.29.
CBL & Associates Properties (NYSE:CBL) has tumbled 2.04% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.73% in the last four weeks. The stocks have underperformed the S&P 500 by 0.42% during the past week but CBL & Associates Properties (NYSE:CBL) it has outperformed the index in 4 weeks by 3.78%.
CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties. Its properties are located in 27 states, but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of December 31, 2014, the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers, and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.