The short interest is slightly elevated, albeit, not yet enough to make me want to worry about it. As long as it stays less than 4%, I won't give it much thought. Short interest is 3.2%, and if it starts to trend higher I recommend monitoring for a possible exit.
NorthStar Realty Finance (NRF)
NorthStar Realty Finance operates as a real estate investment trust in the U.S., trading an average of 1.7 million shares per day with a market cap of $900 million.52 Week High: $6.76 Beta: 1.82 Price to Book: 1.34 Shares moved higher 6.3% in the last month, but NorthStar is a relatively volatile stock. Like Carnival Cruise Lines, waiting for a retracement in price is a wise idea. Technically, over the longer term NorthStar appears very strong, but after the current strong run, holding out for an entry below $6.50 will provide greater breathing room. The current proportion sold short based on the float is 10.5%, and I find this much interest by short sellers worth looking at in more depth. The short interest isn't the only number above 10%. The dividend yield is pushing 10%, convincing short sellers to expect a reduction in dividends, and pushing the share price lower. Will the short sellers win this one? If you are willing to bet on the Fed maintaining a strong real estate market regardless of the consequences, you have to consider NorthStar Realty. NRF Revenue Per Share TTM data by YCharts
BK data by YCharts
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