Short Interest Update on Sabra Healthcare REIT (SBRA)

Sabra Healthcare REIT (SBRA) : Traders are negative on Sabra Healthcare REIT (SBRA), as it has 6.5% of short positions outstanding compared to its float. The total shorts have reduced by -566,306 shares, which is a -12% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,728,825 to 4,162,519 shares. While the daily trading volume of the stock is 648,729, there are 6 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Sabra Healthcare REIT (NASDAQ:SBRA): The stock opened at $25.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.19 for the day. The stock traded down to $24.85 during the day, due to lack of any buying support eventually closed down at $25.07 with a loss of -0.16% for the day. The stock had closed at $25.11 on the previous day. The total traded volume was 245,790 shares.


In a related news,The director of Sabra Health Care Reit, Inc., Walters Milton J sold 2,000 shares at $22.04 on June 6, 2016. The Insider selling transaction had a total value worth of $44,080. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Sabra Health Care REIT, Inc. (Sabra) is a self-administered, self-managed real estate investment trust (REIT). Through its subsidiaries, the Company owns and invests in real estate serving the healthcare industry. The Company is primarily engaged in leasing healthcare properties to tenants and operators throughout the United States. It has a diverse portfolio of healthcare investments in the United States that offers a range of services, including skilled nursing/transitional care, assisted and independent living, mental health and acute care. The Companys investment portfolio consists of approximately 160 real estate properties held for investment, including 103 nursing/post-acute facilities, 55 senior housing facilities and two acute care hospitals; over 14 investments in loans receivable, including four mortgage loans, three construction loans, two mezzanine loans and five pre-development loans, and over six preferred equity investments.

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