Mack-Cali Realty Corporation (CLI) : The traders have covered their outstanding shorts in Mack-Cali Realty Corporation (CLI) to the tune of -332,689 shares, a change of -5.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 6,321,801 shares, however, by August 15, 2016, the shorts had reduced to 5,989,112 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 7.1% of the free float of the stock. It takes 13 days to cover the outstanding short positions. The stock has an average daily volume of 443,844 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Mack-Cali Realty Corporation (NYSE:CLI): The stock opened at $27.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.15 for the day. The stock traded down to $27.53 during the day, due to lack of any buying support eventually closed down at $27.79 with a loss of -0.36% for the day. The stock had closed at $27.89 on the previous day. The total traded volume was 657,596 shares.
In a related news, Cardoso Ricardo, officer (EVP & Chief Investment Officer) of Mack Cali Realty Corp, executed a transaction worth $449,420 on February 4, 2016. A total of 23,000 shares were purchased at an average price of $19.54. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate, multi-family real estate and multi-family services. It provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. The Company holds interests in approximately 283 properties, consisting of around 264 commercial properties, totaling approximately 31.0 million square feet, leased to approximately 2,000 commercial tenants; around 19 multi-family rental properties containing 5,484 residential units, and developable land. The properties are located in seven states, primarily in the Northeast, and the District of Columbia.