CBL & Associates Properties, Inc. (NYSE:CBL) Short Interest Update

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CBL & Associates Properties, Inc. (NYSE:CBL) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 42,411,600 shares, a decrease of 7.3% from the May 15th total of 45,759,600 shares. Currently, 25.4% of the company’s stock are short sold. Based on an average trading volume of 3,550,000 shares, the short-interest ratio is currently 11.9 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC bought a new position in shares of CBL & Associates Properties in the 1st quarter valued at $30,000. Creative Planning acquired a new stake in CBL & Associates Properties in the first quarter valued at $31,000. Coldstream Capital Management Inc. acquired a new stake in CBL & Associates Properties in the fourth quarter valued at $34,000. HHM Wealth Advisors LLC acquired a new stake in CBL & Associates Properties in the first quarter valued at $37,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in CBL & Associates Properties in the first quarter valued at $41,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

CBL has been the topic of several analyst reports. Zacks Investment Research upgraded Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Wednesday, June 12th. BTIG Research lowered their price target on Nutanix to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Co raised Centurylink from a “market perform” rating to an “outperform” rating and upped their target price for the company from $12.00 to $14.00 in a research report on Wednesday, June 26th. Six research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average target price of $2.60.

Shares of NYSE:CBL opened at $1.15 on Friday. The business’s 50 day moving average is $1.03. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.07. CBL & Associates Properties has a 1 year low of $0.77 and a 1 year high of $5.79. The firm has a market capitalization of $199.50 million, a P/E ratio of 0.71, a P/E/G ratio of -0.27 and a beta of 1.50.

CBL & Associates Properties Company Profile

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 114 properties totaling 71.1 million square feet across 26 states, including 71 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.

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