Paramount Group (NYSE:PGRE) stated loss of 516,190 shares or 15.8% in the short interest. The short interest registered from 3,265,095 on May 31,2016 to 2,748,905 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.7%. The stock has been averaging 672,860 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Paramount Group (NYSE:PGRE): The stock opened at $15.81 on Friday but the bulls could not build on the opening and the stock topped out at $15.99 for the day. The stock traded down to $15.54 during the day, due to lack of any buying support eventually closed down at $15.80 with a loss of -2.35% for the day. The stock had closed at $16.18 on the previous day. The total traded volume was 1,951,322 shares.
The company shares have dropped -7.87% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $18.56 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $16.34 and the 200 Day Moving Average price is recorded at $16.35.
Paramount Group (NYSE:PGRE) has tumbled 1.5% during the past week and has dropped 3.25% in the last 4 week period. The company has outperformed the S&P 500 by 0.14% in the past week but underperformed the index by 0.32% in the last 4 weeks.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramounts portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that was 93.9% leased. Paramount has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. Paramounts private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco. The Alternative Investment Funds invest in real estate related debt and preferred equity investments.