STORE Capital Corporation (STOR) : 4 days before expiry, shorts in STORE Capital Corporation (STOR) have reduced from 6,049,522 on Jul 29, 2016, to 4,537,521 on August 15, 2016. On an average, 1,079,544 shares are traded on the exchange. The outstanding bearish positions are equal to 3% of the float. Short sellers have covered -1,512,001 shares, a reduction of -25%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
STORE Capital Corporation (NYSE:STOR): The stock opened at $30.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.20 for the day. The stock traded down to $29.63 during the day, due to lack of any buying support eventually closed down at $29.94 with a loss of -0.73% for the day. The stock had closed at $30.16 on the previous day. The total traded volume was 515,669 shares.
In a related news, Donovan Joseph M, director of Store Capital Corp had purchased 10,000 shares on August 25, 2015 in a transaction. The price per share was $20.35 and the total amount of the disclosed transaction was $203,500.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Store Capital Corporation is an internally managed net-lease real estate investment trust (REIT). The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE properties). As of December 31, 2014, the Company owns a portfolio consisting of investments in 947 property locations operated by 226 customers across 46 states. Its customers operate across a variety of industries within the service, retail and industrial sectors of the United States economy, with restaurants, early childhood education centers, health clubs, movie theaters and sporting goods stores representing the industries in its portfolio. The Company offers real estate financing solutions principally to middle market and businesses that own STORE Properties and operate within the broad-based service, retail and industrial sectors of the United States economy.