Time to Reconsider Consolidated-tomoka Land CO (NYSEAMERICAN:CTO) After More Short Sellers?

The stock of Consolidated-tomoka Land CO (NYSEAMERICAN:CTO) registered an increase of 2.89% in short interest. CTO’s total short interest was 221,100 shares in March as published by FINRA. Its up 2.89% from 214,900 shares, reported previously. With 7,400 shares average volume, it will take short sellers 30 days to cover their CTO’s short positions. The short interest to Consolidated-tomoka Land CO’s float is 6.01%.

It closed at $59.1 lastly. It is up 6.26% since March 8, 2018 and is downtrending. It has underperformed by 10.63% the S&P500.

Consolidated-Tomoka Land Co., together with its subsidiaries, operates as a diversified real estate operating firm in the United States. The company has market cap of $319.65 million. The firm owns and manages commercial real estate properties. It has a 8.8 P/E ratio. As of December 16, 2016, it owned land holdings of approximately 9,800 acres in Daytona Beach area of Volusia County; 21 single-tenant retail buildings located in Arizona, California, Florida, Georgia, Maryland, North Carolina, Texas, Virginia, and Washington; 10 multi-tenant properties located in California, Florida, Nevada, and Texas comprising 4 self-developed properties located in Daytona Beach, Florida; and full or fractional subsurface oil, gas, and mineral interests of approximately 500,000 surface acres in 20 counties in Florida.

More notable recent Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) news were published by: Globenewswire.com which released: “Consolidated-Tomoka Announces Closing of Three Land Transactions and Other Land Updates – GlobeNewswire” on July 02, 2018, also Streetinsider.com with their article: “Form 8-K CONSOLIDATED TOMOKA LAND For: Jun 04 – StreetInsider.com” published on June 04, 2018, Bizjournals.com published: “2018 CEOs of the Year: Consolidated-Tomoka chief among Orlando honorees – Orlando Business Journal” on May 14, 2018. More interesting news about Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) were released by: Stockhouse.com and their article: “Origin House Announces Acceleration of Warrant Expiry Date – Stockhouse” published on November 23, 2018 as well as Nasdaq.com‘s news article titled: “Consolidated Tomoka Completes Sale of Multi-Tenant Retail Property Anchored by Whole Foods Market in Sarasota, Florida for $24.62 Million – Nasdaq” with publication date: February 21, 2019.

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