La Quinta Holdings (NYSE:LQ), A drop of 195,234 shares or 3.9% was seen in the short interest of La Quinta Holdings Inc.. Even as the interest dropped from 5,066,573 shares on May 31,2016 to 4,871,339 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 5.9% of the stocks floats. The stock has seen an average daily volume of 1,718,421 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
La Quinta Holdings (NYSE:LQ): The stock opened at $11.45 on Friday but the bulls could not build on the opening and the stock topped out at $11.63 for the day. The stock traded down to $11.35 during the day, due to lack of any buying support eventually closed down at $11.37 with a loss of -5.25% for the day. The stock had closed at $12.00 on the previous day. The total traded volume was 3,387,679 shares.
The company shares have dropped -49.58% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $24.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.79 and the 200 Day Moving Average price is recorded at $11.96.
Stocks of La Quinta Holdings (NYSE:LQ) rallied by 0.09% during the past week but lost 4.85% on a 4-week basis. The company has outperformed the S&P 500 by 1.75% in the past week but underperformed the index by 1.97% in the last 4 weeks.
La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Companys segments include owned hotels and franchise and management. Owned hotels segment includes the operation of owned hotel properties located in the United States. Franchise and management segment operations include various franchise and management agreements relating to its owned, franchised and managed hotels. As of December 31, 2014, the Companys inventory consisted of 867 hotels representing approximately 86,500 rooms, located across 47 United States, as well as in Canada and Mexico, of which 353 hotels were owned and operated and 514 were franchised.