Short Interest Update on Federal Realty Investment Trust (FRT)

Federal Realty Investment Trust (FRT) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 1,425,257 to 1,273,850 shares, with 4 days to go before the expiry. The short open interest has decreased by -10.6%, amounting to a reduction of -151,407 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 1.8% of the float of the company. The average daily volume of the stock is 345,294 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Federal Realty Investment Trust (NYSE:FRT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $157.82 and $156.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $158.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $157.89, notching a gain of 0.24% for the day. The total traded volume was 243,943 . The stock had closed at $157.51 on the previous day.


In a related news, The officer (EVP-General Counsel & Sec), of Federal Realty Investment Trust, Becker Dawn M had unloaded 13,314 shares at $158.44 per share in a transaction on May 9, 2016. The total value of transaction was $2,109,470. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company is engaged in the ownership, management, and redevelopment of retail and mixed-use properties. As of December 31, 2014, the Company owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties, which are operated as 89 retail real estate projects comprising approximately 20.2 million square feet. These properties are located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California. As of December 31, 2014, the Company owned six retail real estate projects totaling approximately 0.8 million square feet through a joint venture in which it owns a 30% interest. As of December 31, 2014, the Companys real estate projects were 95.6% leased and 94.7% occupied.

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