Hudson Pacific Properties (HPP) : Traders are increasing their bearish positions on the stock, as is visible by the 6.7% jump in the outstanding short positions; a total addition of 158,559 shares on the sell side. On Jul 29, 2016, the total short positions were 2,357,135 shares, which went up to 2,515,694 shares by the close of trading on August 15, 2016. It will take 2 days for the bears to roll over or cover. An average of 1,082,278 shares exchange hands daily. 2.3% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Hudson Pacific Properties (NYSE:HPP): The stock opened at $32.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $33.00 for the day. The stock traded down to $32.51 during the day, due to lack of any buying support eventually closed down at $32.90 with a loss of -0.30% for the day. The stock had closed at $33.00 on the previous day. The total traded volume was 453,627 shares.
In a related news, The Securities and Exchange Commission has divulged that Fried Richard B, director of Hudson Pacific Properties, Inc., had unloaded 804,627 shares at an average price of $30.32 in a transaction dated on July 21, 2016. The total value of the transaction was worth $24,396,291.
Hudson Pacific Properties, Inc. is a real estate investment trust (REIT). The Company is a real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in markets in Northern and Southern California and the Pacific Northwest. Its portfolio includes office properties, comprising approximately 5.9 million square feet, and media and entertainment properties, comprising approximately 0.9 million square feet of sound-stage, office and supporting production facilities. Its segments include office properties and media and entertainment properties. The Companys office properties include First & King, Met Park North, Northview, Rincon Center, 275 Brannan Street, 901 Market Street, Del Amo Office Building, 6922 Hollywood, 10900 Washington and 3401 Exposition, among others. Its media and entertainment properties segment includes two properties, the Sunset Gower property and the Sunset Bronson property.