Macerich Company (The) (MAC) : Traders are getting increasingly bearish on Macerich Company (The) (MAC), as can be seen in the addition of short positions from 2,450,050 on Jul 29, 2016, to 2,781,070 on August 15, 2016. The net change in shorts is 331,020 shares, an increase of 13.5%. 3 days remain before the expiry. The 1.9% 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 955,913. The short interest information was released on Wednesday Aug 24th after the market close.
Macerich Company (The) (NYSE:MAC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.11 and $81.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.32, notching a gain of 0.26% for the day. The total traded volume was 850,483 . The stock had closed at $82.11 on the previous day.
In a related news, The director, of Macerich Co, Soboroff Steven L had unloaded 2,000 shares at $78.32 per share in a transaction on February 23, 2016. The total value of transaction was $156,640. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
The Macerich Company is a self-managed and self-administered real estate investment trust (REIT). The Company is engaged in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company, through its partnership and ownership interests in the Macerich Partnership, L.P., has an ownership interest in 51 regional shopping centers and eight community/power shopping centers. These 59 regional and community/power shopping centers (which include any related office space) consist of approximately 55 million square feet of gross leasable area (GLA). The Centers primarily included 194 Anchors totaling approximately 28 million square feet of GLA and approximately 6,000 Mall Stores and Freestanding Stores totaling approximately 26 million square feet of GLA.