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

Csquare, Inc. (NYSE:CSQR) was the recipient of a large increase in short interest during 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. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 1,234,215 shares, the short-interest ratio is currently 1.6 days.

Csquare Stock Up 4.6%

Shares of CSQR traded up $0.73 during trading hours on Thursday, reaching $16.54. 1,439,163 shares of the company traded hands, compared to its average volume of 1,829,853. The company’s fifty day moving average price is $19.44. Csquare has a fifty-two week low of $15.52 and a fifty-two week high of $23.50.

Analyst Ratings Changes

CSQR has been the subject of a number of research reports. Royal Bank Of Canada initiated coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $24.00 target price for the company. Wall Street Zen upgraded shares of Csquare to a “hold” rating in a research report on Saturday, July 25th. Zacks Research raised shares of Csquare to a “hold” rating in a research note on Thursday, August 20th. Wells Fargo & Company began coverage on Csquare in a research report on Monday, August 10th. They set an “overweight” rating and a $25.00 price objective for the company. Finally, Morgan Stanley began coverage on Csquare in a research note on Monday, August 10th. They issued an “overweight” rating and a $26.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Csquare currently has a consensus rating of “Buy” and a consensus target price of $28.44.

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.