American Tower Corporation (REIT) June 15th Short Interest Update

American Tower Corporation (REIT) (NYSE:AMT) has seen a rise of 628,954 shares or 12.9% in the short interest. The remaining shorts are 1.3% of the total floated shares. The net short interest, as on June 15,2016, stood at 5,510,595 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 1,549,909 shares. On May 31,2016, 4,881,641 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

American Tower Corporation (REIT) (NYSE:AMT): The stock opened at $108.18 on Friday but the bulls could not build on the opening and the stock topped out at $110.27 for the day. The stock traded down to $107.68 during the day, due to lack of any buying support eventually closed down at $108.27 with a loss of -2.87% for the day. The stock had closed at $111.47 on the previous day. The total traded volume was 3,365,822 shares.

The company shares have rallied 16.49% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $111.47 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $106.84 and the 200 Day Moving Average price is recorded at $99.33.

American Tower Corporation (REIT) (NYSE:AMT) has climbed 1.24% in the past week and advanced 2.08% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.92% and the outperformance has advanced to 5.17% for the last 4 weeks period.

American Tower Corporation is an independent owner, operator and developer of communications real estate. The Company is engaged in the leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies, and municipalities and tenants in a number of other industries. It has a portfolio of over 87,000 communications sites. The Companys continuing operations are managed through three segments: Domestic Rental and Management, which includes its property interests that it leases to communications service providers and third-party tower operators in the United States; International Rental and Management, which includes its interests in international communications sites, and Network Development Services, which offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services.

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