First Industrial Realty Trust (NYSE:FR) has seen a rise of 27,363 shares or 0.6% in the short interest. The remaining shorts are 4.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 4,848,486 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 1,229,740 shares. On May 31,2016, 4,821,123 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
First Industrial Realty Trust (NYSE:FR): The stock opened at $26.31 on Friday but the bulls could not build on the opening and the stock topped out at $26.98 for the day. The stock traded down to $26.10 during the day, due to lack of any buying support eventually closed down at $26.74 with a loss of -0.82% for the day. The stock had closed at $26.96 on the previous day. The total traded volume was 2,037,960 shares.
The company shares have rallied 42.01% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $27.14 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $25.38 and the 200 Day Moving Average price is recorded at $22.61.
First Industrial Realty Trust (NYSE:FR) has tumbled 0.15% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.26% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.51% and the outperformance has advanced to 10.51% for the last 4 weeks period.
First Industrial Realty Trust, Inc. is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Trust owns approximately 634 in-service industrial properties containing approximately 62.4 million square feet of gross leasable area (GLA). Its in-service portfolio consisted of approximately 285 light industrial properties, 90 R&D/flex properties, 160 bulk warehouse properties and 99 regional warehouse properties located in 25 states. Its in-service portfolio includes all properties other than developed, redeveloped and acquired properties that have not yet reached stabilized occupancy. The Trusts interests in its properties and land parcels are held through partnerships, corporations, and limited liability companies controlled, directly or indirectly, by the Trust, including the Operating Partnership, and through its REIT subsidiaries.