Equity Commonwealth (EQC) : Traders are getting increasingly bearish on Equity Commonwealth (EQC), as can be seen in the addition of short positions from 1,690,783 on Jul 29, 2016, to 1,719,186 on August 15, 2016. The net change in shorts is 28,403 shares, an increase of 1.7%. 2 days remain before the expiry. The 1.4% 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 859,923. The short interest information was released on Wednesday Aug 24th after the market close.
Equity Commonwealth (NYSE:EQC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.59 and $30.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.62, notching a gain of 0.03% for the day. The total traded volume was 735,552 . The stock had closed at $30.61 on the previous day.
In a related news, Markman Adam Scott, CFO of Equity Commonwealth, executed a transaction worth $122,445 on August 10, 2015. A total of 4,500 shares were purchased at an average price of $27.21. 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.
Equity Commonwealth (EQC) is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation primarily of office buildings in central business district (CBD) and suburban locations throughout the United States. The Companys two reportable segments include CBD properties and suburban properties. Its portfolio consists of 156 properties (262 buildings) with a combined 42.9 million square feet. The Companys portfolio comprises 40 properties (53 buildings) with a combined 21.9 million square feet located in CBD locations and 116 properties (209 buildings) with a combined 21.0 million square feet located in suburban locations. Eleven of its properties (11 buildings) with a combined 1.8 million square feet are located in Australia. The Companys properties are leased to approximately 1,800 tenants. Its principal source of funds for its operations is rents from tenants at its properties.