The short interest in United Dominion Realty Trust (NYSE:UDR) has increased from 6,183,031 on May 31,2016 to 6,978,436 on June 15,2016. The change was measured at 795,405 shares or 12.9%. The leftover shorts were 2.6% of the floated shares. The days to cover are 3, given the average daily volume of 2,413,318 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
United Dominion Realty Trust (NYSE:UDR): The stock opened at $34.21 on Friday but the bulls could not build on the opening and the stock topped out at $35.39 for the day. The stock traded down to $34.21 during the day, due to lack of any buying support eventually closed down at $34.75 with a loss of -1.28% for the day. The stock had closed at $35.20 on the previous day. The total traded volume was 2,642,215 shares.
The company shares have rallied 8.02% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $38.61 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $35.32 and the 200 Day Moving Average price is recorded at $35.91.
United Dominion Realty Trust (NYSE:UDR) has tumbled 0.32% during the past week and has dropped 3.9% in the last 4 week period. The company has outperformed the S&P 500 by 1.34% in the past week but underperformed the index by 0.99% in the last 4 weeks.
UDR, Inc. is a self-administered real estate investment trust (REIT). The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Companys Same-Store Communities segment includes the communities that were acquired, developed and stabilized prior to January 1, 2013, and held as of December 31, 2014. The Companys Non-Mature Communities/Other segment represents the acquired, developed and redeveloped communities, and the non-apartment components of mixed use properties, which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31, 2014, the Companys consolidated real estate portfolio included 139 communities located in 20 markets, with a total of 39,851 completed apartment homes.