Cornerstone Total Return Fund, Inc. (NYSE:CRF) has yet to impress analysts?

This article was originally published on this site

Cornerstone Total Return Fund, Inc. (NYSE:CRF) concluded the trading at $11.13 on Friday, May 28 with a rise of 0.91% from its closing price on previous day.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Taking a look at stock we notice that its last check on previous day was $11.03 and 5Y monthly beta was reading 0 with its price kept floating in the range of $11.02 and $11.19 on the day. Company’s P/E ratio for the trailing 12 months is 8.98. Considering stock’s 52-week price range provides that CRF hit a high price of $13.65 and saw its price falling to a low level of $9.45 during that period. Over a period of past 1-month, stock came losing -1.68% in its value.

In contrast, when we review CRF stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Sell for it.

Having a second look at Cornerstone Total Return Fund, Inc. (NYSE:CRF) provides that stock’s average daily trading volume for 3 months was 734.52 Million, while it dropped to 1.24 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 41.04 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 0% while it is 4.29% for the institutional holders. The figures also indicate that as of May 13, 2021, number of stock’s short shares was 2640000 which implies a short ratio of 3.01. This shows up a 6.43% of Short Interest in company’s outstanding shares on the day. In May the standing of shares short improved as it was 2.63 Million in the previous month. Drop of -2.37% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ worries about the stock as it is hinting a further drop.