Short Interest Update on AvalonBay Communities (AVB)

AvalonBay Communities (AVB) : The bears are holding on to their shorts in Accenture Plc with 7 more days remaining for them to cover their positions. The bearish positions have increased from 3,958,499 on Jul 29, 2016, to 4,380,230, on August 15, 2016. Daily, 654,958 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 421,731 shares, which is an increase of just 10.7%. The total short interest of 3.2% 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.

AvalonBay Communities (NYSE:AVB): The stock opened at $175.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $175.75 for the day. The stock traded down to $173.00 during the day, due to lack of any buying support eventually closed down at $174.48 with a loss of -0.28% for the day. The stock had closed at $174.97 on the previous day. The total traded volume was 398,276 shares.


In a related news,The officer (Chief Operating Officer) of Avalonbay Communities Inc, Breslin Sean J. sold 1,000 shares at $185.71 on August 9, 2016. The Insider selling transaction had a total value worth of $185,710. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company develops, redevelops, acquires, owns and operates multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74,240 apartment homes in 11 states and the District of Columbia, of which around 228 communities contain around 66,631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest, and approximately 22 communities contain around 6,991 apartment homes. It operates apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.

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