Crown Castle International Corporation (NYSE:CCI) Can’t Be Less Risky. Short Interest Decreased

January 14, 2018 - By Stephen Andrade

 Crown Castle International Corporation (NYSE:CCI) Can't Be Less Risky. Short Interest Decreased

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.27, from 1.31 in 2017Q2. It increased, as 46 investors sold Crown Castle International Corp. shares while 172 reduced holdings. 72 funds opened positions while 272 raised stakes. 377.71 million shares or 14.61% more from 329.57 million shares in 2017Q2 were reported.
Waddell Reed Inc reported 348,408 shares. Ls Advsrs Ltd stated it has 0.07% in Crown Castle International Corp. (NYSE:REIT). First Citizens Bancshares Trust invested 0.45% in Crown Castle International Corp. (NYSE:REIT). Fiduciary Financial Of The Southwest Tx holds 1.52% or 50,913 shares. 16,695 are held by Avenir. Dorsey And Whitney Com Limited Liability Corporation stated it has 2,474 shares. Ameriprise Financial Inc, Minnesota-based fund reported 1.97 million shares. Arizona State Retirement has invested 0.15% in Crown Castle International Corp. (NYSE:REIT). Rmb Mngmt Limited Liability, a Illinois-based fund reported 31,901 shares. Muzinich And Com Incorporated stated it has 2,664 shares or 0.03% of all its holdings. Riverhead Cap Management Limited Liability Co holds 0.01% or 2,400 shares. Florida-based State Board Of Administration Of Florida Retirement System has invested 0.15% in Crown Castle International Corp. (NYSE:REIT). Panagora Asset Management holds 14,795 shares or 0.01% of its portfolio. First Tru Advsr Lp stated it has 24,111 shares. Ashfield Cap Prtn Limited Liability invested 0.91% in Crown Castle International Corp. (NYSE:REIT).

The stock of Crown Castle International Corporation (NYSE:CCI) registered a decrease of 15.75% in short interest. CCI’s total short interest was 8.18 million shares in January as published by FINRA. Its down 15.75% from 9.71M shares, reported previously. With 1.76 million shares average volume, it will take short sellers 5 days to cover their CCI’s short positions. The short interest to Crown Castle International Corporation’s float is 2.28%.

The stock decreased 0.12% or $0.12 during the last trading session, reaching $103.57. About 2.43M shares traded or 13.95% up from the average. Crown Castle International Corp. (NYSE:REIT) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company has market cap of $42.08 billion. The firm provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network . It has a 86.96 P/E ratio. It provides access, including space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, including license, sublease, and lease agreements.

Crown Castle International Corp. (NYSE:REIT) Ratings Coverage

Among 5 analysts covering Dow Jones Equity All REIT Total Return Index REIT (NYSE:REIT), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Dow Jones Equity All REIT Total Return Index REIT had 5 analyst reports since March 23, 2017 according to SRatingsIntel. The stock has “Buy” rating by Guggenheim on Wednesday, April 12.

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