CBRE Group (CBG) : Traders are getting increasingly bearish on CBRE Group (CBG), as can be seen in the addition of short positions from 8,207,058 on Jul 29, 2016, to 8,512,158 on August 15, 2016. The net change in shorts is 305,100 shares, an increase of 3.7%. 4 days remain before the expiry. The 2.6% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 2,114,240. The short interest information was released on Wednesday Aug 24th after the market close.
CBRE Group (NYSE:CBG): The stock opened at $29.41 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.73 for the day. The stock traded down to $29.28 during the day, due to lack of any buying support eventually closed down at $29.42 with a loss of -0.17% for the day. The stock had closed at $29.47 on the previous day. The total traded volume was 1,526,756 shares.
In a related news, Frese Calvin W Jr, officer (See Remarks) of Cbre Group, Inc., unloaded 11,674 shares at an average price of $29.57 on August 16, 2016. The total amount of the transaction was worth $345,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.