The short interest in Equity Residential (NYSE:EQR) has increased from 4,666,808 on May 31,2016 to 6,169,859 on June 15,2016. The change was measured at 1,503,051 shares or 32.2%. The leftover shorts were 1.7% of the floated shares. The days to cover are 2, given the average daily volume of 2,750,177 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Equity Residential (NYSE:EQR): The stock opened at $65.00 on Friday but the bulls could not build on the opening and the stock topped out at $65.85 for the day. The stock traded down to $64.42 during the day, due to lack of any buying support eventually closed down at $65.50 with a loss of -0.89% for the day. The stock had closed at $66.09 on the previous day. The total traded volume was 3,818,169 shares.
The company shares have dropped -6.59% from its 1 Year high price. On Dec 31, 2015, the shares registered one year high at $82.39 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $67.15 and the 200 Day Moving Average price is recorded at $72.86.
Equity Residential (NYSE:EQR) has tumbled 0.47% during the past week and has dropped 4.69% in the last 4 week period. The company has outperformed the S&P 500 by 1.18% in the past week but underperformed the index by 1.8% in the last 4 weeks.
Equity Residential is a real estate investment trust (REIT) focused on the acquisition, development and management of apartment properties in the United States growth markets. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential. The Company is the general partner and owns an approximate 96.2% ownership interest in ERPOP. The remaining 3.8% interest is owned by limited partners. As of December 31, 2014, the Company, directly or indirectly through investments in title holding entities, owned all or a portion of 391 properties located in 12 states and the District of Columbia consisting of 109,225 apartment units. All of the Companys property ownership, development and related business operations are conducted through ERPOP.