Duke Realty Corporation (NYSE:DRE), According to the latest information the short interest in Duke Realty Corp shot up by 34.3% or 1,727,598 shares. The final shorts are 2% of the total floated shares. The positions increased from 5,034,090 shares on May 31,2016 to 6,761,688 on June 15,2016. According to the per-day average trading of 2,104,410 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Duke Realty Corporation (NYSE:DRE): The stock opened at $24.97 on Friday but the bulls could not build on the opening and the stock topped out at $25.55 for the day. The stock traded down to $24.74 during the day, due to lack of any buying support eventually closed down at $25.39 with a loss of -0.20% for the day. The stock had closed at $25.44 on the previous day. The total traded volume was 4,088,329 shares.
The company shares have rallied 37.32% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $25.92 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $24.09 and the 200 Day Moving Average price is recorded at $21.80.
Duke Realty Corporation (NYSE:DRE) has tumbled 0.67% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.13% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.98% and the outperformance has advanced to 10.37% for the last 4 weeks period.
Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, office, medical office real estate investments and service operations. Service operations consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contractor and construction management to third-party property owners and joint ventures. The Company conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP). As of December 31, 2014, the Companys portfolio included owned or jointly controlled 729 industrial, offices, medical office and other properties, of which 706 properties with approximately 146.9 million square feet were in service. The Company owns interest in 500 bulk distribution industrial properties, which are primarily warehouse facilities.