FelCor Lodging Trust Incorporated June 15th Short Interest Update

FelCor Lodging Trust Incorporated (NYSE:FCH) reported a drop of 8% or 769,432 shares in its short interest. The short figure came in at 6.9% of the total floats. The average daily volume of 849,981 shares suggests that the days to cover 8,868,528 short positions, as on June 15,2016, will be 10. On May 31,2016, the short interest was 9,637,960 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

FelCor Lodging Trust Incorporated (NYSE:FCH): The stock opened at $6.28 on Friday but the bulls could not build on the opening and the stock topped out at $6.29 for the day. The stock traded down to $6.00 during the day, due to lack of any buying support eventually closed down at $6.07 with a loss of -6.18% for the day. The stock had closed at $6.47 on the previous day. The total traded volume was 4,053,282 shares.

The company shares have dropped -38.50% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $10.87 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.66 and the 200 Day Moving Average price is recorded at $7.14.

FelCor Lodging Trust Incorporated (NYSE:FCH) has tumbled 5.89% during the past week and has dropped 7.61% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.33%. FelCor Lodging Trust Incorporated (NYSE:FCH) has underperformed the index by 4.81% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

FelCor Lodging Trust Incorporated (FelCor) is a real estate investment trust (REIT). FelCor owns a portfolio of primarily upper-upscale and luxury hotels and resorts. As of December 31, 2014, FelCor is the sole general partner of, and the owner of a greater than 99% partnership interest in, FelCor Lodging Limited Partnership (FelCor LP)through , which the Company held ownership interests in 48 hotels with 14,435 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company owns DoubleTree by Hilton, DoubleTree Suites by Hilton, Embassy Suites Hotels, Fairmont, Hilton, Holiday Inn, Marriott, Morgans, Renaissance, Royalton, Sheraton, Sheraton Suites, Walt Disney World, Westin, Wyndham and Wyndham Grand.

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