Diamond Resorts International (DRII) : The short interest in Diamond Resorts International (DRII) has increased from 8,277,894 to 10,605,662 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,482,537 shares are traded daily in the stock and only 4 days are left for the shorts to cover. The short open interest is 21.8% of the total shares in the hands of the public. The shorts in the stock have gone up by 2,327,768 shares, which is an increase of 28.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Diamond Resorts International (NYSE:DRII): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.12 and $30.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.16, notching a gain of 0.20% for the day. The total traded volume was 1,512,396 . The stock had closed at $30.10 on the previous day.
In a related news, Guggenheim Partners Investment, 0 of Diamond Resorts International, Inc., executed a transaction worth $37,976,641 on July 15, 2016. A total of 1,260,008 shares were purchased at an average price of $30.14. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Diamond Resorts International, Inc. (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates in two segments: hospitality and management services, and Vacation Interest Sales and Financing. The Company has a network of approximately 333 vacation destinations located in 34 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia, New Zealand and Africa. Its resort network includes approximately 93 resort properties with approximately 11,000 units that it manages and approximately 236 affiliated resorts and hotels and four cruise itineraries, which it does not manage and do not carry its brand, but are a part of its network and, through the Clubs, which are available for its members to use as vacation destinations. The Company offers Vacations for Life, which is a way to acquire a lifetime of vacations at destinations across the world.