Csquare, Inc. (NYSE:CSQR) Sees Large Increase in Short Interest

Csquare, Inc. (NYSE:CSQR) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 1,966,192 shares, an increase of 46.9% from the August 31st total of 1,338,713 shares. Based on an average daily trading volume, of 1,234,215 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group upgraded Csquare to a “strong-buy” rating in a research report on Friday, August 14th. Royal Bank Of Canada began coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Csquare in a research note on Monday, August 10th. They set a “neutral” rating and a $24.00 price target on the stock. BMO Capital Markets began coverage on shares of Csquare in a report on Monday, August 10th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, Wall Street Zen upgraded shares of Csquare to a “hold” rating in a research note on Saturday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.44.

Csquare Price Performance

Shares of CSQR traded up $0.73 on Thursday, reaching $16.54. The stock had a trading volume of 1,439,163 shares, compared to its average volume of 1,829,853. Csquare has a twelve month low of $15.52 and a twelve month high of $23.50. The company’s 50-day moving average is $19.44.

Csquare Company Profile

Csquare Inc is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc is based in COPPELL, Texas.