Could Geo Group Inc (the) Reit (NYSE:GEO) See a Reversal After More Sellers Came In?

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The stock of Geo Group Inc (the) Reit (NYSE:GEO) registered an increase of 26.04% in short interest. GEO’s total short interest was 2.26 million shares in August as published by FINRA. Its up 26.04% from 1.80M shares, reported previously. With 690,000 shares average volume, it will take short sellers 3 days to cover their GEO’s short positions. The short interest to Geo Group Inc (the) Reit’s float is 1.93%.

The stock decreased 0.11% or $0.02 during the last trading session, reaching $17.44. About 498,366 shares traded. The GEO Group, Inc. (NYSE:GEO) has declined 30.70% since August 16, 2018 and is downtrending. It has underperformed by 30.70% the S&P500.

The GEO Group, Inc. is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. The company has market cap of $2.11 billion. GEO is the world's leading well-known provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with activities in the United States, Australia, South Africa, and the United Kingdom. It has a 13.52 P/E ratio.

More notable recent The GEO Group, Inc. (NYSE:GEO) news were published by: Seekingalpha.com which released: “GEO Group declares $0.48 dividend – Seeking Alpha” on February 04, 2019, also Seekingalpha.com with their article: “GEO Group And CoreCivic: The Prisoner’s Dilemma – REITs Version – Seeking Alpha” published on August 07, 2019, Globenewswire.com published: “Yamana Gold Announces Strong Second Quarter 2019 Results – GlobeNewswire” on July 25, 2019. More interesting news about The GEO Group, Inc. (NYSE:GEO) were released by: Seekingalpha.com and their article: “CoreCivic: Rapid Growth At Deep Value Price – Seeking Alpha” published on August 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Does The The GEO Group, Inc. (NYSE:GEO) Share Price Tend To Follow The Market? – Yahoo Finance” with publication date: June 24, 2019.

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