Ashford Hospitality Trust Inc (AHT) : The traders have covered their outstanding shorts in Ashford Hospitality Trust Inc (AHT) to the tune of -86,263 shares, a change of -3.7%. As on Jul 29, 2016, the outstanding shorts on the stock were 2,317,896 shares, however, by August 15, 2016, the shorts had reduced to 2,231,633 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.5% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 796,945 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Ashford Hospitality Trust Inc (NYSE:AHT): The stock opened at $6.87 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.87 for the day. The stock traded down to $6.72 during the day, due to lack of any buying support eventually closed down at $6.76 with a loss of -1.74% for the day. The stock had closed at $6.88 on the previous day. The total traded volume was 340,734 shares.
In a related news, Tallis Alan, director of Ashford Hospitality Trust Inc, had purchased 4,174 shares on August 9, 2016. The total value of the transaction was $104,517. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Ashford Hospitality Trust, Inc., (Ashford), together with its subsidiaries, is a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry. The Company is engaged in direct hotel investments within the hotel lodging industry. Ashford owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP). Its hotels are primarily operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. Its hotels are located in the United States. The Company, through Remington Lodging, manages the Hampton Inn & Suites Gainesville hotel, which has 124 guestrooms, including 27 studio suites. The hotels amenities include 1,700 square feet of meeting space, a boardroom, Saltwater Lap Pool and Spa, Jump Start fitness center and on-site parking. Ashford OP General Partner LLC is a wholly owned subsidiary of the Company.