Mid-America Apartment Communities (MAA) : Traders are increasing their bearish positions on the stock, as is visible by the 5.2% jump in the outstanding short positions; a total addition of 96,280 shares on the sell side. On Jul 29, 2016, the total short positions were 1,859,801 shares, which went up to 1,956,081 shares by the close of trading on August 15, 2016. It will take 3 days for the bears to roll over or cover. An average of 651,135 shares exchange hands daily. 2.5% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Mid-America Apartment Communities (NYSE:MAA): The stock opened at $94.36 on Wednesday but the bulls could not build on the opening and the stock topped out at $94.36 for the day. The stock traded down to $92.69 during the day, due to lack of any buying support eventually closed down at $93.15 with a loss of -1.28% for the day. The stock had closed at $94.36 on the previous day. The total traded volume was 735,695 shares.
In a related news, Bolton H Eric Jr, Director Officer (President And Ceo) of MID AMERICA APARTMENT COMMUNITIES INC had purchased 060 shares on June 30, 2016 in a transaction. The price per share was $82.88 and the total amount of the disclosed transaction was $4,973.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Mid-America Apartment Communities, Inc. is a multifamily focused, self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments, L.P. The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Companys segments include large market same store communities, secondary market same store communities and non-same store communities and other. As of December 31, 2014, the Companys activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties, located in Alabama, Arizona, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, Nevada, North Carolina, South Carolina, Tennessee, Texas and Virginia.