Retail Properties of America (NYSE:RPAI) stated loss of 116,983 shares or 9.9% in the short interest. The short interest registered from 1,181,188 on May 31,2016 to 1,064,205 on June 15,2016. In terms of floated shares, the shorted positions stood at 0.5%. The stock has been averaging 818,509 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Retail Properties of America (NYSE:RPAI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.66 and $15.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.21, notching a gain of 1.95% for the day. The total traded volume was 2,365,237 . The stock had closed at $15.90 on the previous day.
The company shares have rallied 15.46% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $17.00 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $16.16 and the 200 Day Moving Average price is recorded at $15.50.
Retail Properties of America (NYSE:RPAI) has climbed 0.62% in the past week and advanced 2.73% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.29% and the outperformance has advanced to 5.83% for the last 4 weeks period.
Retail Properties of America, Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Companys retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties. Its properties include 23rd Street Plaza, Panama City; Academy Sports, Houma; Academy Sports, Midland; Academy Sports, Port Arthur; Arvada Connection and Arvada Marketplace, Arvada; The Brickyard, Chicago; Broadway Shopping Center, Bangor, and Cinemark Seven Bridges, Woodridge, among others. It also owns a property, Towson Square, which is approximately 138,000 square foot entertainment based center, including a range of national and regional restaurant concepts. The Company owns approximately 201 retail operating properties representing over 29.2 million square feet.