Short Interest Update on Cousins Properties Incorporated (CUZ)

Cousins Properties Incorporated (CUZ) : 10 days before expiry, shorts in Cousins Properties Incorporated (CUZ) have reduced from 15,621,452 on Jul 29, 2016, to 15,271,465 on August 15, 2016. On an average, 1,501,586 shares are traded on the exchange. The outstanding bearish positions are equal to 7.4% of the float. Short sellers have covered -349,987 shares, a reduction of -2.2%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Cousins Properties Incorporated (NYSE:CUZ): The stock opened at $10.65 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.69 for the day. The stock traded down to $10.44 during the day, due to lack of any buying support eventually closed down at $10.55 with a loss of -1.03% for the day. The stock had closed at $10.66 on the previous day. The total traded volume was 1,004,381 shares.


In a related news, Gellerstedt Lawrence L Iii, CEO of Cousins Properties Inc, had purchased 11,750 shares on February 17, 2016. The total value of the transaction was $99,640. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). Cousins Real Estate Corporation (CREC) is an entity wholly owned by Cousins. Cousins, CREC, Cousins TRS Services LLC (CTRS) and their subsidiaries (collectively, the Company) develop, acquire, lease, manage and own primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina. It operates its business in four segments: Office, Retail, Land and Other. The Companys portfolio of real estate assets consists of interests in approximately 15.7 million square feet of office space, 80,000 square feet of retail space and 404,000 square feet (443 units) of apartments. It has ownership interests in various properties, including Greenway Plaza, Post Oak Central, 2100 Ross Avenue, 816 Congress and Promenade, among others. Its portfolio includes around 16 operating office properties.

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Your email address will not be published.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.