Cousins Properties Incorporated June 15th Short Interest Update

Cousins Properties Incorporated (NYSE:CUZ), According to the latest information the short interest in Cousins Properties shot up by 6.9% or 827,912 shares. The final shorts are 6.3% of the total floated shares. The positions increased from 12,053,685 shares on May 31,2016 to 12,881,597 on June 15,2016. According to the per-day average trading of 2,058,900 shares, the days to cover are 6. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Cousins Properties Incorporated (NYSE:CUZ): The stock opened at $10.30 on Friday but the bulls could not build on the opening and the stock topped out at $10.34 for the day. The stock traded down to $10.11 during the day, due to lack of any buying support eventually closed down at $10.21 with a loss of -2.95% for the day. The stock had closed at $10.52 on the previous day. The total traded volume was 4,098,464 shares.

The company shares have dropped -2.58% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $11.07 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $10.64 and the 200 Day Moving Average price is recorded at $9.72.

Cousins Properties Incorporated (NYSE:CUZ) has tumbled 0.97% during the past week and has dropped 5.81% in the last 4 week period. The company has outperformed the S&P 500 by 0.67% in the past week but underperformed the index by 2.96% in the last 4 weeks.

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). Cousins Real Estate Corporation (CREC) is an entity wholly owned by Cousins. Cousins, CREC, Cousins TRS Services LLC (CTRS) and their subsidiaries (collectively, the Company) develop, acquire, lease, manage and own primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina. It operates its business in four segments: Office, Retail, Land and Other. The Companys portfolio of real estate assets consists of interests in approximately 15.7 million square feet of office space, 80,000 square feet of retail space and 404,000 square feet (443 units) of apartments. It has ownership interests in various properties, including Greenway Plaza, Post Oak Central, 2100 Ross Avenue, 816 Congress and Promenade, among others. Its portfolio includes around 16 operating office properties.

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