Short Interest Update on Corporate Office Properties Trust (OFC)

Corporate Office Properties Trust (OFC) : Traders are getting increasingly bearish on Corporate Office Properties Trust (OFC), as can be seen in the addition of short positions from 1,247,592 on Jul 29, 2016, to 1,426,832 on August 15, 2016. The net change in shorts is 179,240 shares, an increase of 14.4%. 2 days remain before the expiry. The 1.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 683,175. The short interest information was released on Wednesday Aug 24th after the market close.

Corporate Office Properties Trust (NYSE:OFC): The stock opened at $28.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.78 for the day. The stock traded down to $28.33 during the day, due to lack of any buying support eventually closed down at $28.69 with a loss of -0.28% for the day. The stock had closed at $28.77 on the previous day. The total traded volume was 315,426 shares.


In a related news,The director of Corporate Office Properties Trust, Denton Robert L sold 2,000 shares at $29.49 on August 4, 2016. The Insider selling transaction had a total value worth of $58,980. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Corporate Office Properties Trust (COPT) is an integrated self-managed real estate investment trust (REIT). Corporate Office Properties, L.P. (COPLP) and subsidiaries (collectively the Operating Partnership) is the entity through which COPT, the sole general partner of COPLP, conducts all of its operations and owns almost all of its assets. The Company has 10 reportable operating office property segments (comprising the Baltimore/Washington Corridor; Northern Virginia; San Antonio; Huntsville; Washington, DC – Capitol Riverfront; St. Marys and King George Counties; Greater Baltimore; Greater Philadelphia; Colorado Springs; and Other). It also has an operating wholesale data center segment. The Company operates in two industries: commercial office properties and wholesale data center. The Company acquires, develop, manage and lease office, and data center properties concentrated in office parks located in the Greater Washington, DC/Baltimore region.

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