Centerspace (CSR) saw a 509% rise in short interest in August 2019, and despite analyst upgrades and a dividend announcement, Q2 earnings missed targets.
In August 2019, Centerspace (CSR) saw a significant rise in short interest, increasing by 509% to 794,800 shares. Institutional investors hold 79% of the stock. Despite recent upgrades to target prices by analysts, the company reported a Q2 earnings miss with an EPS of ($0.19) and revenue of $65.04 million. Centerspace announced a quarterly dividend of $0.75 and operates 71 apartment communities across several states, with a market cap of $1.13 billion.
September 14, 2024
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