Highwoods Properties (HIW) : 3 days before expiry, shorts in Highwoods Properties (HIW) have reduced from 1,806,020 on Jul 29, 2016, to 1,752,814 on August 15, 2016. On an average, 674,132 shares are traded on the exchange. The outstanding bearish positions are equal to 1.8% of the float. Short sellers have covered -53,206 shares, a reduction of -2.9%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Highwoods Properties (NYSE:HIW): The stock opened at $53.20 on Wednesday but the bulls could not build on the opening and the stock topped out at $53.20 for the day. The stock traded down to $52.38 during the day, due to lack of any buying support eventually closed down at $53.03 with a loss of -0.34% for the day. The stock had closed at $53.21 on the previous day. The total traded volume was 240,584 shares.
In a related news,The Director Officer (President & Ceo) of HIGHWOODS PROPERTIES INC, Fritsch Edward J sold 85,822 shares at $52.29 on June 29, 2016. The Insider selling transaction had a total value worth of $4,487,632. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Highwoods Properties, Inc. is a real estate investment trust. The Company is engaged in the business of operation, acquisition and development of real estate properties. It provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company operates office, industrial, retail and residential properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Companys portfolio consists of office properties in Raleigh, Atlanta, Tampa, Nashville, Memphis, Pittsburgh, Richmond and Orlando; office and industrial properties in Greensboro, and retail and office properties in Kansas City. The Company holds an interest of approximately 31.2 million rentable square feet of in-service properties, 1.7 million rentable square feet of properties under development and approximately 500 acres of development land.