Sunstone Hotel Investors (NYSE:SHO), A rise of 1,128,358 shares or 9.9% was seen in the short interest of Sunstone Hotel Investors. Even as the interest increased from 11,379,368 shares on May 31,2016 to 12,507,726 shares on June 15,2016, the days to cover came in at 5. The updated interest stood at 5.8% of the stocks floats. The stock has seen an average daily volume of 2,525,216 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Sunstone Hotel Investors (NYSE:SHO): The stock opened at $12.10 on Friday but the bulls could not build on the opening and the stock topped out at $12.17 for the day. The stock traded down to $11.79 during the day, due to lack of any buying support eventually closed down at $11.87 with a loss of -4.58% for the day. The stock had closed at $12.44 on the previous day. The total traded volume was 4,241,162 shares.
The company shares have dropped -18.87% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $16.04 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.13 and the 200 Day Moving Average price is recorded at $12.57.
Sunstone Hotel Investors (NYSE:SHO) has tumbled 1.08% during the past week and has dropped 1.49% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.56% and the outperformance has advanced to 1.49% for the last 4 weeks period.
Sunstone Hotel Investors, Inc. is a self-managed and self-administered real estate investment trust (REIT). The Companys business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company holds interests in approximately 30 hotels, which include around 14,303 rooms, located in 13 states and in Washington, DC. The hotels are operated under the brands, including Marriott, Hilton, Hyatt, Fairmont and Sheraton, among others. Its portfolio includes upper upscale hotels in the United States. Its 30 hotels include around 27 upper upscale, two luxury and one upscale hotel. The Companys property portfolio includes Boston Park Plaza, Courtyard by Marriott Los Angeles, Doubletree Guest Suites Times Square, Embassy Suites Chicago, Embassy Suites La Jolla, Fairmont Newport Beach Marriott Houston, Marriott Wailea, Marriott Park City, Renaissance Harborplace and Renaissance Los Angeles Airport, among others.