Kimco Realty Corporation June 15th Short Interest Update

The short interest in Kimco Realty Corporation (NYSE:KIM) has increased from 13,383,223 on May 31,2016 to 14,638,326 on June 15,2016. The change was measured at 1,255,103 shares or 9.4%. The leftover shorts were 3.6% of the floated shares. The days to cover are 6, given the average daily volume of 2,290,995 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Kimco Realty Corporation (NYSE:KIM): The stock opened at $28.94 on Friday but the bulls could not build on the opening and the stock topped out at $29.84 for the day. The stock traded down to $28.91 during the day, due to lack of any buying support eventually closed down at $29.56 with a loss of -0.57% for the day. The stock had closed at $29.73 on the previous day. The total traded volume was 3,628,331 shares.

The company shares have rallied 30.39% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $29.97 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $28.80 and the 200 Day Moving Average price is recorded at $27.61.

Kimco Realty Corporation (NYSE:KIM) has climbed 0.78% in the past week and advanced 5.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.46% and the outperformance has advanced to 8.34% for the last 4 weeks period.

Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT), which owns and operates neighborhood and community shopping centers. The Company had interests in approximately 754 shopping center properties, aggregating 109.5 million square feet of gross leasable area (GLA), and 533 other property interests, primarily through the Companys preferred equity investments and other real estate investments, totaling approximately 11.7 million square feet of GLA, for a total of 1,287 properties aggregating 121.2 million square feet of GLA, located in 41 states in the United States and also in Puerto Rico, Canada, Mexico and Chile. The Companys investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Companys tenants include TJX Companies, The Home Depot, Wal-Mart, Kohls and Bed Bath.

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