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Which New 52 Week Highs You Should Buy Now

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.

CCL Revenue Per Share TTM Chart CCL Revenue Per Share TTM data by YCharts
NRF Chart NRF data by YCharts

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 Chart NRF Revenue Per Share TTM data by YCharts
BK Chart BK data by YCharts
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SYM TRADE IT LAST %CHG
BK $43.78 0.44%
BAC $18.16 1.57%
CCL $52.10 1.48%
C $58.92 0.94%
NRF $15.94 2.44%

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

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