Retail Opportunity Investments (NASDAQ:ROIC) encountered a drop of 16.7% or -475,855 shares in the short positions. The number dropped from 2,855,532 on May 31,2016 to 2,379,677 on June 15,2016. The final interest is 2.4% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 565,167 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Retail Opportunity Investments (NASDAQ:ROIC): The stock opened at $20.29 on Friday but the bulls could not build on the opening and the stock topped out at $20.77 for the day. The stock traded down to $20.11 during the day, due to lack of any buying support eventually closed down at $20.67 with a loss of -0.34% for the day. The stock had closed at $20.74 on the previous day. The total traded volume was 3,161,063 shares.
The company shares have rallied 32.67% from its 1 Year high price. On May 9, 2016, the shares registered one year high at $21.10 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $20.45 and the 200 Day Moving Average price is recorded at $19.15.
Retail Opportunity Investments (NASDAQ:ROIC) has climbed 0.88% in the past week and advanced 2.33% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.55% and the outperformance has advanced to 5.42% for the last 4 weeks period.
Retail Opportunity Investments Corp. (ROIC) is an integrated, self-managed real estate investment trust (REIT). The Company is engaged in the ownership, management, and redevelopment of retail real estate properties. The Company also operates in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company focuses on acquiring shopping centers located in densely populated, supply-constrained metropolitan markets in the western regions of the United States. The Company also focuses on acquiring necessity-based community and neighborhood shopping centers anchored by national and regional supermarkets and drugstores. The Companys wholly-owned subsidiary, Retail Opportunity Investments GP, LLC, is the general partner of the Operating Partnership.