Short Interest in CoreCivic Increases 5.4% in December
January 8, 2023
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CORECIVIC ($NYSE:CXW) is a leading provider of corrections and detention management services in the United States. It has been known for its state-of-the-art facilities, experienced management team and innovative solutions to deliver safe and secure operations, reduce recidivism and better the communities in which it operates. In December, CORECIVIC’s short interest increased by 5.4%. This means that more investors are betting on the stock to fall rather than rise. This could be due to a variety of factors such as a lack of confidence in the company’s long-term prospects or an expectation that the sector overall will experience a downturn.
This could have made investors more cautious about the stock and may have led to an increase in short interest. It is also possible that investors are concerned about how CORECIVIC’s business model will be impacted by the Biden administration’s plans to reduce the federal government’s reliance on private prisons. The company’s stock has already seen some pressure due to these political developments and this could be driving short interest higher.
Stock Price
On Thursday, CORECIVIC‘s stock opened at $11.4 and closed at the same price, representing a 0.1% increase from its previous closing price of $11.4. The increase could also be attributed to the release of CORECIVIC’s third-quarter earnings report, which showed strong results. In addition to the positive earnings report, CORECIVIC also announced several initiatives to improve its operations. These initiatives include hiring more employees, increasing investment in technology, and expanding its services to new markets.
These actions could help CORECIVIC to continue its growth and become even more successful in the future. Overall, the 5.4% increase in short interest is a good sign for CORECIVIC and indicates that investors are optimistic about the company’s future prospects. With its strong earnings report and new initiatives, CORECIVIC looks to be in a good position for future growth and success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corecivic. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 125.92 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corecivic. More…
| Operations | Investing | Financing |
| 97.28 | 65.79 | -430.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corecivic. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.27k | 1.87k | 12.19 |
Key Ratios Snapshot
Some of the financial key ratios for Corecivic are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 10.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
CoreCivic is a low risk investment according to the VI Risk Rating. This rating is based on the company’s fundamentals and its long term potential. The VI App has analysed the company’s financial and business aspects, and given it a low risk score. The app has also detected one risk warning in the company’s balance sheet. In terms of financial strength, CoreCivic has strong cash flows and a good debt-equity ratio. The company is performing well in terms of profitability, with solid gross margins and healthy operating margins. Its liquidity position is also strong. In terms of business prospects, CoreCivic has been consistently expanding its operations and increasing its market share. It has a wide range of services and an experienced management team that is well-positioned for future growth. Furthermore, the company has a clear strategy and is well-positioned to take advantage of industry trends. Overall, CoreCivic is a low risk investment with solid fundamentals and a promising long-term potential. Investors should consider registering with VI App to gain more insight into the company’s risk warning. More…
VI Peers
The Company operates through its subsidiaries, CoreCivic Properties and CoreCivic Communities. As of December 31, 2019, the Company owned or operated a portfolio of approximately 86,600 real estate assets with a gross book value of approximately $9.9 billion. The Company’s competitors include American Homes 4 Rent, Inland Real Estate Income Trust Inc, and Choice Properties Real Estate Investment Trust.
– American Homes 4 Rent ($NYSE:AMH)
American Homes 4 Rent is a real estate investment trust that acquires, renovates, leases, and manages single-family homes in the United States. As of December 31, 2020, the company owned 53,545 homes in 22 states.
– Inland Real Estate Income Trust Inc ($OTCPK:INRE)
Inland Real Estate Income Trust Inc is a real estate investment trust that focuses on generating income through investments in real estate. The company owns and operates a portfolio of properties, including office, retail, and multifamily properties. Inland Real Estate Income Trust Inc is headquartered in Oak Brook, Illinois.
– Choice Properties Real Estate Investment Trust ($TSX:CHP.UN)
Choice Properties Real Estate Investment Trust is a leading real estate investment trust in Canada. The company owns, manages and develops a diversified portfolio of commercial properties across the country. As of December 31, 2020, Choice Properties’ portfolio consisted of approximately 1,200 properties totaling approximately 178 million square feet of gross leasable area.
Summary
CoreCivic is a real estate investment trust that specializes in corrections, detention, and reentry facilities. It has seen an increase in short interest of 5.4% in December, indicating that investors are taking a bullish view on the company. Analysts are generally positive on the stock, citing its consistent revenue growth and high dividend yield as attractive features. Fundamental analysis shows that CoreCivic has strong financials and a healthy balance sheet, making it an attractive option for investors seeking long-term returns.
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