Short Interest Update on CBL & Associates Properties (CBL)

CBL & Associates Properties (CBL) : Traders are negative on CBL & Associates Properties (CBL), as it has 5.1% of short positions outstanding compared to its float. The total shorts have reduced by -650,759 shares, which is a -7.1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,9,167,111 to 8,516,352 shares. While the daily trading volume of the stock is 2,778,568, there are 3 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

CBL & Associates Properties (NYSE:CBL): The stock opened at $12.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.84 for the day. The stock traded down to $12.59 during the day, due to lack of any buying support eventually closed down at $12.75 with a loss of -1.09% for the day. The stock had closed at $12.89 on the previous day. The total traded volume was 1,702,281 shares.


In a related news, Mitchell Farzana K, CFO of Cbl & Associates Properties Inc, executed a transaction worth $10,973 on November 10, 2015. A total of 825 shares were purchased at an average price of $13.3. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.