Short Interest Update on CyrusOne Inc (CONE)

CyrusOne Inc (CONE) : Traders are getting increasingly bearish on CyrusOne Inc (CONE), as can be seen in the addition of short positions from 3,070,724 on Jul 29, 2016, to 6,352,841 on August 15, 2016. The net change in shorts is 3,282,117 shares, an increase of 106.9%. 4 days remain before the expiry. The 8.6% 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 1,616,779. The short interest information was released on Wednesday Aug 24th after the market close.

CyrusOne Inc (NASDAQ:CONE): The stock opened at $50.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $50.97 for the day. The stock traded down to $49.76 during the day, due to lack of any buying support eventually closed down at $49.81 with a loss of -1.95% for the day. The stock had closed at $50.80 on the previous day. The total traded volume was 934,634 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CHIEF TECHNOLOGY OFFICER) of Cyrusone Inc., Timmons Kevin L had sold 14,086 shares worth of $564,849 in a transaction dated February 29, 2016. In this transaction, 14,086 shares were sold at $40.1 per share.

CyrusOne Inc. (CyrusOne) is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Companys data centers are purpose-built facilities, which have access to a range of telecommunications carriers. It provides mission-critical data center facilities that protect the information technology (IT) infrastructure for its clients. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. As of July 1, 2015, the Company had approximately 900 customers. As of July 1, 2015, the Companys property portfolio included 31 data centers across 12 markets in 10 cities in the United States, London and Singapore. The Companys facilities cover approximately 500,000 gross square feet of space, including over 130,000 colocation square feet and around 100,000 square feet of work area recovery space.

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Your email address will not be published.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.