Short Interest Update on Crown Castle International Corporation (CCI)

Crown Castle International Corporation (CCI) : The traders have covered their outstanding shorts in Crown Castle International Corporation (CCI) to the tune of -463,240 shares, a change of -5.4%. As on Jul 29, 2016, the outstanding shorts on the stock were 8,589,412 shares, however, by August 15, 2016, the shorts had reduced to 8,126,172 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.4% of the free float of the stock. It takes 6 days to cover the outstanding short positions. The stock has an average daily volume of 1,374,029 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Crown Castle International Corporation (NYSE:CCI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.83 and $93.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.77, notching a gain of 1.13% for the day. The total traded volume was 2,261,868 . The stock had closed at $93.71 on the previous day.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (SVP and General Counsel) of Crown Castle International Corp, Simon Kenneth Jay had purchased shares worth of $14,802 in a transaction dated on May 5, 2016. A total of 168 shares were purchased at a price of $88.11 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Crown Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). The Company conducts its operations principally through subsidiaries of (CCOC), including certain subsidiaries, which operate its wireless infrastructure portfolios in the United States, including Puerto Rico (CCUSA).

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