DDR (DDR): Price Target and June Short Interest Disclosure

DDR (DDR) : The consensus price target for DDR (DDR) is $18.18 for the short term with a standard deviation of $0.84. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $17.

DDR (DDR) has shown a rise of 7.4% or 417,049 shares in the short positions. The bets have increased to 6,050,166 shares on June 30,2016 from 5,633,117 shares on June 15,2016. With respect to the floated shares, the shorts are 2%. The days to cover are calculated to be 2, using the standard per day volume of 2,666,517 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Jefferies initiates coverage on DDR (NYSE:DDR). Jefferies has a Hold rating on the shares. The rating by the firm was issued on June 30, 2016.


DDR (NYSE:DDR): On Thursdays trading session , Opening price of the stock was $19.24 with an intraday high of $19.39. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $19.18. However, the stock managed to close at $19.2, a loss of 0.88% for the day. On the previous day, the stock had closed at $19.37. The total traded volume of the day was 5,427,308 shares.

DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, the Company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California, Easton Market in Ohio and The Maxwell in Illinois.

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