Communications Sales & Leasing (NASDAQ:CSAL) has shown a rise of 37.4% or 1,137,233 shares in the short positions. The bets have increased to 4,175,111 shares on June 15,2016 from 3,037,878 shares on May 31,2016. With respect to the floated shares, the shorts are 3.1%. The days to cover are calculated to be 5, using the standard per day volume of 790,226 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Communications Sales & Leasing (NASDAQ:CSAL): The stock opened at $28.30 on Friday but the bulls could not build on the opening and the stock topped out at $29.18 for the day. The stock traded down to $28.00 during the day, due to lack of any buying support eventually closed down at $28.27 with a loss of -3.91% for the day. The stock had closed at $29.42 on the previous day. The total traded volume was 2,521,160 shares.
The company shares have rallied 13.90% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $29.57 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $25.59 and the 200 Day Moving Average price is recorded at $21.54.
Communications Sales & Leasing (NASDAQ:CSAL) has climbed 2.95% in the past week and advanced 13.49% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.66% and the outperformance has advanced to 16.92% for the last 4 weeks period.
Communications Sales & Leasing, Inc. (CS&L) is engaged in the ownership, acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business). The Companys leasing activities consists of leasing back to Windstream Holdings, Inc., the Distribution Systems through a triple-net master lease agreement (the Master Lease). The Company also expands its portfolio by acquiring other real property assets within or outside of the communications infrastructure industry for lease to third-parties.