RLJ Lodging Trust (NYSE:RLJ) encountered a rise of 25% or 1,265,783 shares in the short positions. The number escalated from 5,072,450 on May 31,2016 to 6,338,233 on June 15,2016. The final interest is 5.2% of the floated stock. The days to cover figure of 5 can be arrived using the average daily exchange of 1,160,752 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
RLJ Lodging Trust (NYSE:RLJ): The stock opened at $21.39 on Friday but the bulls could not build on the opening and the stock topped out at $21.57 for the day. The stock traded down to $20.77 during the day, due to lack of any buying support eventually closed down at $20.99 with a loss of -4.81% for the day. The stock had closed at $22.05 on the previous day. The total traded volume was 2,821,868 shares.
The company shares have dropped -29.16% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $32.14 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $21.02 and the 200 Day Moving Average price is recorded at $20.94.
RLJ Lodging Trust (NYSE:RLJ) has tumbled 3.49% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.65% in the last four weeks. The stocks have underperformed the S&P 500 by 1.89% during the past week but RLJ Lodging Trust (NYSE:RLJ) it has outperformed the index in 4 weeks by 6.79%.
RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust (REIT). The Company is engaged in acquiring full-service hotels. As of December 31, 2014, the Company through its wholly owned subsidiaries, owned 146 properties, which consisted of 144 hotels with approximately 22,900 rooms and two planned hotel conversions, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel. The Companys hotels are located in the New York, New York; Chicago, Illinois; Austin, Texas; Denver-Boulder, Colorado; Houston, Texas, and the Baltimore, Maryland-Washington, D.C. metropolitan areas. It operates its hotels under various brands, with nearly 97% of hotels operating under existing relationships with Marriott, Hilton or Hyatt. The Companys subsidiaries include RLJ LODGING TRUST L.P., RLJ LODGING TRUST LIMITED PARTNER LLC, RLJ LODGING ACQUISITIONS LLC and RLJ LODGING TRUST MASTER TRS INC., among others.