Short Interest Update on Hersha Hospitality Trust (HT)

Hersha Hospitality Trust (HT) : Traders are negative on Hersha Hospitality Trust (HT), as it has 7.9% of short positions outstanding compared to its float. The total shorts have reduced by -875,230 shares, which is a -21.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,129,607 to 3,254,377 shares. While the daily trading volume of the stock is 424,443, there are 8 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Hersha Hospitality Trust (NYSE:HT): The stock opened at $19.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.42 for the day. The stock traded down to $19.09 during the day, due to lack of any buying support eventually closed down at $19.22 with a loss of -1.03% for the day. The stock had closed at $19.42 on the previous day. The total traded volume was 214,251 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director officer (Chairman of the Board) of Hersha Hospitality Trust, Shah Hasu P had purchased shares worth of $57,000 in a transaction dated on August 17, 2016. A total of 3,000 shares were purchased at a price of $19 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Hersha Hospitality Trust is a real estate investment trust (REIT). The Company invests in institutional grade hotels in urban gateway markets, including New York, Washington DC, Boston, Philadelphia, South Florida and West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which it serves as general partner. The Company owned an approximately 95.8% partnership interest in its operating partnership. Its nationally-franchised hotels operating under brands, such as Marriott, Residence Inn by Marriott, Courtyard by Marriott, Hilton Hotels, Hilton Garden Inn, Hampton Inn, Holiday Inn Express, Candlewood Suites, Hyatt House, Hyatt Place, Hyatt and Sheraton Hotels. Its portfolio consisted of approximately 46 wholly owned limited and service properties with a total of approximately 6,587 rooms and interests in approximately five limited and service properties with a total of over 1,369 rooms.

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