Communications Sales & Leasing
Another earnings short-squeeze prospect is real estate investment trust Communications Sales & Leasing (CSAL), which is set to release numbers on Thursday before the market open. Wall Street analysts, on average, expect Communications Sales & Leasing to report revenue of $174.69 million on earnings of 10 cents per share.
The current short interest as a percentage of the float for Communications Sales & Leasing is pretty high at 9.9%. That means that out of 120.08 million shares in the tradable float, 11.94 million shares are sold short by the bear. If this company can deliver the earnings news the bulls are looking for, then shares of Communications Sales & Leasing could easily rip sharply higher post-earnings as the bears scramble to cover some of the trades.
Sirius XM Radio Inc. (NASDAQ: SIRI) was raised to Buy from Hold with a 44.60 price target (versus $3.96 close) at Wunderlich Securities. Sirius XM has a consensus analyst target of $4.46 and a 52-week range of $3.14 to $4.04. It’s highest analyst target price is $5.25.