OUTFRONT Media June 15th Short Interest Update

OUTFRONT Media (NYSE:OUT) has witnessed a rise of 17.7% or 432,679 shares in its short figure. The short interest augmentation took it from 2,441,232 on May 31,2016 to 2,873,911 on June 15,2016. In terms of floated shares, the short interest was calculated to be 2.1%. The days to cover are 3 given that the daily volume averaged 824,321 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

OUTFRONT Media (NYSE:OUT): The stock opened at $23.47 on Friday but the bulls could not build on the opening and the stock topped out at $23.67 for the day. The stock traded down to $23.20 during the day, due to lack of any buying support eventually closed down at $23.39 with a loss of -1.89% for the day. The stock had closed at $23.84 on the previous day. The total traded volume was 2,135,213 shares.

The company shares have dropped -9.38% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $26.55 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $22.62 and the 200 Day Moving Average price is recorded at $21.46.

OUTFRONT Media (NYSE:OUT) has climbed 1.87% in the past week and advanced 6.13% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.56% and the outperformance has advanced to 9.34% for the last 4 weeks period.

OUTFRONT Media Inc., formerly CBS Outdoor Americas Inc., is a provider of advertising space on out-of-home advertising structures and sites. The Company operates in over 180 markets in the United States, Canada and Latin America. In addition to leasing displays, the Company also provides other services to its customers, such as pre-campaign category research, creative design support and post-campaign tracking and analytics. It manages its business through two segments, United States and International. The United States segment includes the Companys business in 25 markets in the United States. The Companys portfolio includes sites, such as the Bay Bridge in San Francisco, various locations along Sunset Boulevard in Los Angeles, and various sites in and around both Grand Central Station and Times Square in New York. The Companys International segment includes its operations in Canada and Latin America, including Mexico, Argentina, Brazil, Chile and Uruguay.

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