CBRE Group June 15th Short Interest Update

CBRE Group (NYSE:CBG), According to the latest information the short interest in C B R E Group Inc shot up by 7.9% or 578,544 shares. The final shorts are 2.4% of the total floated shares. The positions increased from 7,311,224 shares on May 31,2016 to 7,889,768 on June 15,2016. According to the per-day average trading of 2,051,691 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

CBRE Group (NYSE:CBG): The stock opened at $28.02 on Friday but the bulls could not build on the opening and the stock topped out at $28.18 for the day. The stock traded down to $27.29 during the day, due to lack of any buying support eventually closed down at $27.31 with a loss of -9.00% for the day. The stock had closed at $30.01 on the previous day. The total traded volume was 9,857,669 shares.

The company shares have dropped -25.20% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $38.76 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $29.27 and the 200 Day Moving Average price is recorded at $29.28.

CBRE Group (NYSE:CBG) has tumbled 2.85% during the past week and has dropped 7.61% 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 1.23%. CBRE Group (NYSE:CBG) has underperformed the index by 4.82% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

CBRE Group, Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management, and Development Services. It offers services to occupiers, owners, lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies, including commercial property and corporate facilities management, tenant/occupier and property/agency leasing, capital markets solutions (property sales, commercial mortgage origination and servicing, and debt/structured finance), real estate investment management, valuation, development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.

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