Sovran Self Storage June 15th Short Interest Update

Sovran Self Storage (NYSE:SSS) has seen a rise of 247,117 shares or 17.4% in the short interest. The remaining shorts are 3.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 1,671,094 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 544,844 shares. On May 31,2016, 1,423,977 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Sovran Self Storage (NYSE:SSS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.30 and $98.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.50, notching a gain of 0.92% for the day. The total traded volume was 4,328,189 . The stock had closed at $101.57 on the previous day.

The company shares have rallied 18.92% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $118.18 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $107.01 and the 200 Day Moving Average price is recorded at $108.69.

Stocks of Sovran Self Storage (NYSE:SSS) rallied by 0.32% during the past week but lost 5.19% on a 4-week basis. The company has outperformed the S&P 500 by 1.99% in the past week but underperformed the index by 2.32% in the last 4 weeks.

Sovran Self Storage, Inc. (Sovran) is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages self-storage properties. As of December 31, 2014, it held ownership interests in, leased, and/or managed 518 properties consisting of approximately 35.5 million net rentable square feet, situated in 25 states. Among its 518 self-storage properties are 39 properties that it manages for an unconsolidated joint venture of , which the Company is a 20% owner, 30 properties that it manages for an unconsolidated joint venture of , which the Company is a 15% owner, 17 properties that it manages and in , which the Company has no ownership interest, and four properties that it leases. The Companys properties conduct business under the name Uncle Bobs Self-Storage. As of December 31, 2014, the Company owns an indirect interest in 497 of the Properties through a limited partnership.

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