Short Interest Update on Kite Realty Group Trust (KRG)

Kite Realty Group Trust (KRG) : The short interest in Kite Realty Group Trust (KRG) has increased from 1,226,031 to 1,284,408 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 373,077 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 1.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 58,377 shares, which is an increase of 4.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Kite Realty Group Trust (NYSE:KRG): The stock opened at $28.76 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.84 for the day. The stock traded down to $28.43 during the day, due to lack of any buying support eventually closed down at $28.69 with a loss of -0.17% for the day. The stock had closed at $28.74 on the previous day. The total traded volume was 414,182 shares.


In a related news,The officer (Senior VP & CAO) of Kite Realty Group Trust, Olinger Thomas R sold 5,500 shares at $30.22 on August 1, 2016. The Insider selling transaction had a total value worth of $166,210. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Kite Realty Group Trust is a full-service, vertically integrated real estate company engaged in the ownership and operation, acquisition, development and redevelopment of neighborhood and community shopping centers in the United States. The Company conducts all of its business through its operating partnership, Kite Realty Group, L.P. (KRG). The Company held a 98.1% interest in KRG with limited partners owning the remaining 1.9%. The Company owns interests in 118 retail operating properties totaling approximately 23.9 million square feet of gross leasable area (including approximately 7.7 million square feet of non-owned anchor space) located in 26 states. Its retail operating portfolio was 94.8% leased to a diversified retail tenant base, with no single retail tenant accounting for more than 3.4% of its total annualized base rent.

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