Site Centers Corp. (NYSE:SITC) Short Interest Up 51.8% in December

Site Centers Corp. (NYSE:SITC - Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,790,749 shares, a growth of 51.8% from the November 30th total of 3,815,309 shares. Based on an average daily trading volume, of 1,662,941 shares, the short-interest ratio is presently 3.5 days. Currently, 12.3% of the company's shares are short sold. Currently, 12.3% of the company's shares are short sold. Based on an average daily trading volume, of 1,662,941 shares, the short-interest ratio is presently 3.5 days.Analyst Upgrades and DowngradesSITC has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Site Centers from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. LADENBURG THALM/SH SH initiated coverage on shares of Site Centers in a research note on Tuesday, September 9th. They set a "neutral" rating and a $10.00 price target for the company. Weiss Ratings reissued a "sell (d)" rating on shares of Site Centers in a research report on Monday, December 22nd. Finally, Piper Sandler decreased their price objective on shares of Site Centers from $12.00 to $10.00 and set an "overweight" rating for the company in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.50.View Our Latest Report on Site CentersInstitutional Investors Weigh In On Site CentersSeveral hedge funds have recently made changes to their positions in SITC. Russell Investments Group Ltd. increased its stake in shares of Site Centers by 182.1% during the first quarter. Russell Investments Group Ltd. now owns 14,893 shares of the company's stock valued at $190,000 after buying an additional 9,613 shares during the period. American Century Companies Inc. increased its position in Site Centers by 12.3% during the 1st quarter. American Century Companies Inc. now owns 13,864 shares of the company's stock valued at $178,000 after purchasing an additional 1,516 shares during the period. Northern Trust Corp increased its position in Site Centers by 2.1% during the 1st quarter. Northern Trust Corp now owns 817,652 shares of the company's stock valued at $10,499,000 after purchasing an additional 16,960 shares during the period. AlphaQuest LLC raised its holdings in shares of Site Centers by 256.7% in the 1st quarter. AlphaQuest LLC now owns 4,848 shares of the company's stock valued at $62,000 after purchasing an additional 3,489 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of Site Centers by 114.3% in the 1st quarter. Panagora Asset Management Inc. now owns 150,359 shares of the company's stock worth $1,931,000 after purchasing an additional 80,205 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors. Site Centers Trading Down 0.1%SITC traded down $0.01 on Monday, reaching $6.49. 87,178 shares of the company traded hands, compared to its average volume of 1,102,437. The company has a market cap of $340.20 million, a P/E ratio of 11.58 and a beta of 1.09. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. Site Centers has a one year low of $6.23 and a one year high of $15.93. The firm has a fifty day simple moving average of $7.32 and a two-hundred day simple moving average of $9.45. Site Centers Announces DividendThe company also recently declared a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a $1.00 dividend. The ex-dividend date is Monday, December 15th. Site Centers Company Profile (Get Free Report)Site Centers NYSE: SITC is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of grocery-anchored shopping centers. The company's portfolio comprises open-air retail properties that primarily serve daily needs tenants and national retailers. By concentrating on neighborhood and community shopping centers, Site Centers aims to provide stable occupancy levels and resilient income streams driven by essential services such as supermarkets, pharmacies and convenient dining options. Originally known as DDR Corp., the company rebranded as Site Centers in 2021 to emphasize its strategic focus on high-quality retail assets and long-term value creation.See AlsoFive stocks we like better than Site CentersDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffHow Long Will $1M Last in Retirement?[No Brainer Gold Play]: “Show me a better investment.”Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Site Centers Right Now?Before you consider Site Centers, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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