CubeSmart (NYSE:CUBE), A increase of 1,004,365 shares or 15.4% was observed in the short interest of CubeSmart The interest on June 15,2016 came in at 7,532,478 shares and as per the average daily trading of 2,301,946 shares, the days to cover are 3. The increased interest is 4.3% of the floated shares. The data of May 31,2016 put the interest at 6,528,113 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
CubeSmart (NYSE:CUBE): The stock opened at $28.72 on Friday but the bulls could not build on the opening and the stock topped out at $29.77 for the day. The stock traded down to $28.52 during the day, due to lack of any buying support eventually closed down at $29.58 with a loss of -0.03% for the day. The stock had closed at $29.59 on the previous day. The total traded volume was 16,794,318 shares.
The company shares have rallied 29.11% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $33.52 and the one year low was seen on Jun 29, 2015. The 50-Day Moving Average price is $30.96 and the 200 Day Moving Average price is recorded at $30.89.
CubeSmart (NYSE:CUBE) has tumbled 1.2% during the past week and has dropped 6.83% in the last 4 week period. The company has outperformed the S&P 500 by 0.44% in the past week but underperformed the index by 4.02% in the last 4 weeks.
CubeSmart is a self-administered and self-managed real estate company focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Companys self-storage facilities offer storage space for its residential and commercial customers with features, such as wide aisles and loadbearing capabilities for large truck access. As of December 31, 2014, the Company owned 421 self-storage facilities located in 22 states of the United States and in the District of Columbia containing an aggregate of approximately 28.6 million rentable square feet. As of December 31, 2014, the Company managed 174 facilities for third parties (including 35 facilities containing an aggregate of approximately 2.4 million rentable square feet as part of an unconsolidated real estate venture in which it owns a 50% interest).