American Campus Communities Inc (ACC) : The bears are holding on to their shorts in Accenture Plc with 4 more days remaining for them to cover their positions. The bearish positions have increased from 2,514,304 on Jul 29, 2016, to 2,724,914, on August 15, 2016. Daily, 720,868 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 210,610 shares, which is an increase of just 8.4%. The total short interest of 2.1% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
American Campus Communities Inc (NYSE:ACC): The stock opened at $50.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $50.35 for the day. The stock traded down to $49.74 during the day, due to lack of any buying support eventually closed down at $50.16 with a loss of -0.28% for the day. The stock had closed at $50.30 on the previous day. The total traded volume was 791,195 shares.
In a related news, The officer (EVP PublicPrivate Transactions), of American Campus Communities Inc, Wilhelm James E Iii had unloaded 9,828 shares at $52.76 per share in a transaction on August 8, 2016. The total value of transaction was $518,525. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
American Campus Communities, Inc. is a real estate investment trust (REIT). The Company holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company owns, manages and develops student housing properties in the United States in terms of beds owned and under management. It is a self-managed and self-administered equity REIT engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Companys total owned and third-party managed portfolio includes approximately 204 properties with 130,700 beds in 44,300 units. Its property portfolio consists of approximately 145 owned off-campus student housing properties. It operates under four segments: Wholly-Owned Properties, On-Campus Participating Properties, Development Services and Property Management Services.