LaSalle Hotel Properties June 15th Short Interest Update

LaSalle Hotel Properties (NYSE:LHO) encountered a rise of 10.2% or 1,094,465 shares in the short positions. The number escalated from 10,740,745 on May 31,2016 to 11,835,210 on June 15,2016. The final interest is 10.5% of the floated stock. The days to cover figure of 8 can be arrived using the average daily exchange of 1,543,288 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

LaSalle Hotel Properties (NYSE:LHO): The stock opened at $23.61 on Friday but the bulls could not build on the opening and the stock topped out at $24.00 for the day. The stock traded down to $22.82 during the day, due to lack of any buying support eventually closed down at $22.92 with a loss of -5.83% for the day. The stock had closed at $24.34 on the previous day. The total traded volume was 3,205,130 shares.

The company shares have dropped -34.68% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $38.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $23.30 and the 200 Day Moving Average price is recorded at $23.98.

LaSalle Hotel Properties (NYSE:LHO) has tumbled 3% during the past week and has dropped 0.13% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.4% during the past week but LaSalle Hotel Properties (NYSE:LHO) it has outperformed the index in 4 weeks by 2.89%.

Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). The Company buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2014, the Company owned interests in 45 hotels with approximately 11,300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee, Inc. (LHL) is the Companys wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Companys assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.