Short Interest Update on NorthStar Asset Management Group (NSAM)

NorthStar Asset Management Group (NSAM) : The traders have covered their outstanding shorts in NorthStar Asset Management Group (NSAM) to the tune of -697,052 shares, a change of -11.8%. As on Jul 29, 2016, the outstanding shorts on the stock were 5,901,017 shares, however, by August 15, 2016, the shorts had reduced to 5,203,965 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 3% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 1,554,385 shares. The short interest information was released on Wednesday Aug 24th after the market close.

NorthStar Asset Management Group (NYSE:NSAM): The stock opened at $12.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.19 for the day. The stock traded down to $11.98 during the day, due to lack of any buying support eventually closed down at $12.02 with a loss of -1.07% for the day. The stock had closed at $12.15 on the previous day. The total traded volume was 1,890,944 shares.


In a related news, Hannaway Judith A, director of Northstar Asset Management Group Inc., executed a transaction worth $5,785 on December 11, 2015. A total of 500 shares were purchased at an average price of $11.57. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Northstar Asset Management Group Inc. is an asset management company. The Company is focused on managing real estate and other investment platforms in the United States and internationally. The Company owns NorthStar Realty Securities, LLC (NorthStar Securities), which is a captive broker-dealer platform and raises capital in the retail market for its sponsored companies. The Companys sponsored companies include NorthStar Real Estate Income Trust, Inc. (NorthStar Income); NorthStar Healthcare Income, Inc. (North Star Healthcare); NorthStar/RXR New York Metro Income, Inc. ( NorthStar/RXR New York Metro), and NorthStar Corporate Income, Inc. (NorthStar Corporate). The Company also leases its offices in New York; Denver, Colorado; Dallas, Texas; Bethesda, Maryland; London, United Kingdom; Senningerberg, Luxembourg, Los Angeles, California, and Pembroke, Bermuda.

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