Csquare, Inc. (NYSE:CSQR) Shares Shorted: Short Interest Up 46.9% in September

Csquare, Inc. (NYSE:CSQR) was the target of a large increase in short interest in the month of 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 volume of 1,234,215 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several analysts recently commented on CSQR shares. Morgan Stanley initiated coverage on shares of Csquare in a research note on Monday, August 10th. They issued an “overweight” rating and a $26.00 price objective for the company. Jefferies Financial Group upgraded shares of Csquare to a “strong-buy” rating in a research report on Friday, August 14th. Wall Street Zen raised shares of Csquare to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets assumed coverage on Csquare in a research note on Monday, August 10th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Bank of America assumed coverage on Csquare in a research note on Monday, August 10th. They set a “buy” rating and a $46.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $28.44.

Csquare Stock Up 3.1%

Shares of NYSE:CSQR traded up $0.52 during midday trading on Friday, hitting $17.04. 541,781 shares of the stock were exchanged, compared to its average volume of 1,478,366. Csquare has a twelve month low of $15.52 and a twelve month high of $23.50. The firm has a 50 day simple moving average of $19.44.

About Csquare

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.