Cyrusone Inc (NASDAQ:CONE)’s Trend Up, Especially After Decreased Shorts

May 23, 2018 - By Adrian Mccoy

CyrusOne Inc. (NASDAQ:CONE) Logo

Investors sentiment decreased to 1.36 in 2017 Q4. Its down 0.42, from 1.78 in 2017Q3. It dived, as 29 investors sold CyrusOne Inc. shares while 90 reduced holdings. 48 funds opened positions while 114 raised stakes. 89.47 million shares or 2.59% more from 87.22 million shares in 2017Q3 were reported.
272,569 are owned by Alpine Woods Cap Invsts. Ejf Cap Ltd accumulated 0.04% or 7,500 shares. Citigroup Inc has invested 0.01% in CyrusOne Inc. (NASDAQ:CONE). Benjamin F Edwards And Co has invested 0% in CyrusOne Inc. (NASDAQ:CONE). Voya Investment Mgmt Limited Liability Co reported 31,972 shares. Santa Barbara Asset Lc reported 1.58 million shares or 1.42% of all its holdings. Westwood Gru owns 0.01% invested in CyrusOne Inc. (NASDAQ:CONE) for 20,045 shares. State Teachers Retirement Systems reported 0% stake. 309,372 were reported by Axa. Nuveen Asset Lc has 713,625 shares for 0.27% of their portfolio. Janney Montgomery Scott reported 36,440 shares stake. Mckinley Capital Management Ltd Liability Com Delaware reported 199,721 shares. 1.55M were reported by Jennison Assoc Ltd Liability Co. Victory Management has invested 0% in CyrusOne Inc. (NASDAQ:CONE). Daiwa Securities Group Inc holds 0.09% or 206,122 shares.

Since March 5, 2018, it had 0 insider buys, and 1 sale for $566,252 activity.

The stock of Cyrusone Inc (NASDAQ:CONE) registered a decrease of 4.46% in short interest. CONE’s total short interest was 4.78M shares in May as published by FINRA. Its down 4.46% from 5.00 million shares, reported previously. With 918,800 shares average volume, it will take short sellers 5 days to cover their CONE’s short positions. The short interest to Cyrusone Inc’s float is 5.6%.

The stock increased 2.96% or $1.53 during the last trading session, reaching $53.17. About 531,710 shares traded. CyrusOne Inc. (NASDAQ:CONE) has declined 0.12% since May 23, 2017 and is downtrending. It has underperformed by 11.67% the S&P500.

CyrusOne Inc., a real estate investment trust , owns, operates, and develops enterprise-class, carrier-neutral, and multi-tenant data center properties. The company has market cap of $5.09 billion. The firm provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure. It currently has negative earnings. The Company’s clients operate in various industries, including information technology, financial services, energy, gas and oil, mining, medical, and consumer goods and services.

CyrusOne Inc. (NASDAQ:CONE) Ratings Coverage

Among 7 analysts covering CyrusOne (NASDAQ:CONE), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. CyrusOne had 9 analyst reports since December 6, 2017 according to SRatingsIntel. The stock of CyrusOne Inc. (NASDAQ:CONE) has “Buy” rating given on Tuesday, February 27 by Jefferies. The stock of CyrusOne Inc. (NASDAQ:CONE) earned “Buy” rating by SunTrust on Wednesday, December 6. Cowen & Co maintained CyrusOne Inc. (NASDAQ:CONE) on Thursday, February 22 with “Buy” rating. The firm has “Buy” rating given on Thursday, December 21 by Jefferies. Credit Suisse maintained CyrusOne Inc. (NASDAQ:CONE) rating on Wednesday, February 21. Credit Suisse has “Buy” rating and $73.0 target. The stock has “Buy” rating by Credit Suisse on Wednesday, January 17. The company was maintained on Friday, February 23 by Guggenheim.

More recent CyrusOne Inc. (NASDAQ:CONE) news were published by: which released: “CyrusOne exec on the data center builder’s outlook in SA” on May 22, 2018. Also published the news titled: “CyrusOne Inc. to Present at JP Morgan Global Technology, Media and Communications Conference” on May 08, 2018.‘s news article titled: “Cowen Names CyrusOne, Digital Realty As Top Data Services Picks” with publication date: April 25, 2018 was also an interesting one.

CyrusOne Inc. (NASDAQ:CONE) Institutional Positions Chart

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