Clear Channel Outdoor Holdings

CCO

Clear Channel Outdoor Americas (CCOA) is an out-of-home (OOH) advertising company based in New York City with operations throughout the U.S. and the Caribbean. CCOA is one of two separate business units operating as part of Clear Channel Outdoor Holdings, Inc. (CCOH). The other business unit, Clear Channel International (CCI), includes, Europe, Singapore and Latin America. Globally, both CCOA and CCI employ 5,800 people.Following a separation from its former parent company, iHeartMedia, Inc., in May 2019, CCOH, Inc., has operated as an independent, publicly traded company on the New York Stock Exchange (NYSE: CCO).In the U.S., Clear Channel Outdoor Americas offers outdoor advertising in 43 of the top 50 markets and maintains an office and operations presence employing over 1,500 people. Across its roadside and street level market footprint, CCOA offers tens of thousands of printed billboards in a variety of formats.

Clear Channel Outdoor Holdings has been a target of short sellers for a while. The current short interest of 5.64% is roughly at the average of the last 12 months (3.66%).