DDR (NYSE:DDR), According to the latest information the short interest in DDR Corp. shot up by 3.8% or 207,838 shares. The final shorts are 1.8% of the total floated shares. The positions increased from 5,425,279 shares on May 31,2016 to 5,633,117 on June 15,2016. According to the per-day average trading of 2,553,435 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
DDR (NYSE:DDR): The stock opened at $17.20 on Friday but the bulls could not build on the opening and the stock topped out at $17.68 for the day. The stock traded down to $17.13 during the day, due to lack of any buying support eventually closed down at $17.47 with a loss of -0.17% for the day. The stock had closed at $17.50 on the previous day. The total traded volume was 3,340,376 shares.
The company shares have rallied 12.35% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $18.59 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $17.43 and the 200 Day Moving Average price is recorded at $17.05.
DDR (NYSE:DDR) has tumbled 0.8% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.28% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.85% and the outperformance has advanced to 4.34% for the last 4 weeks period.
DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, the Company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California, Easton Market in Ohio and The Maxwell in Illinois.