Csquare, Inc. (NYSE:CSQR) Stock Short Interest Jumps 139.3%

Csquare, Inc. (NYSE:CSQR) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,705,175 shares, an increase of 139.3% from the September 15th total of 1,966,192 shares. Based on an average daily volume of 2,418,391 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CSQR. Scotiabank upgraded shares of Csquare to a “strong-buy” rating in a research note on Wednesday, August 19th. Weiss Ratings began coverage on shares of Csquare in a report on Monday. They set a “sell (d)” rating for the company. TD Cowen initiated coverage on shares of Csquare in a research report on Monday, August 10th. They issued a “buy” rating and a $28.00 target price for the company. BMO Capital Markets began coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Wall Street Zen raised 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, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.44.

Csquare Stock Performance

NYSE:CSQR traded down $0.29 on Wednesday, reaching $16.99. 2,071,824 shares of the stock traded hands, compared to its average volume of 1,980,665. Csquare has a 12 month low of $15.52 and a 12 month high of $23.50. The stock’s fifty day moving average is $18.81.

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.