Short Interest Update on Communications Sales & Leasing (CSAL)

Communications Sales & Leasing (CSAL) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 4,927,715 to 4,258,605 shares, with 4 days to go before the expiry. The short open interest has decreased by -13.6%, amounting to a reduction of -669,110 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 3% of the float of the company. The average daily volume of the stock is 1,043,111 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Communications Sales & Leasing (NASDAQ:CSAL): The stock opened at $29.67 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 $29.19 during the day, due to lack of any buying support eventually closed down at $29.30 with a loss of -1.28% for the day. The stock had closed at $29.68 on the previous day. The total traded volume was 664,967 shares.


Communications Sales & Leasing, Inc. (CS&L) is engaged in the ownership, acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business). The Companys leasing activities consists of leasing back to Windstream Holdings, Inc., the Distribution Systems through a triple-net master lease agreement (the Master Lease). The Company also expands its portfolio by acquiring other real property assets within or outside of the communications infrastructure industry for lease to third-parties.

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