Pebblebrook Hotel Trust (PEB) : The short interest in Pebblebrook Hotel Trust (PEB) has changed with an increase of 96,622 shares and the open interest is 0.9%. From 10,422,973 short positions on Jul 29, 2016, the shorts increased to 10,519,595 shares by August 15, 2016. There are 13 more days left for the expiry and the daily trading volume of the stock is 839,150 shares. The total interest of shorts is 14.9% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
Pebblebrook Hotel Trust (NYSE:PEB): The stock opened at $29.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.91 for the day. The stock traded down to $29.33 during the day, due to lack of any buying support eventually closed down at $29.50 with a loss of -0.71% for the day. The stock had closed at $29.71 on the previous day. The total traded volume was 585,276 shares.
In a related news, Martz Raymond D, officer (Exec VP, CFO, Treasurer, Secre) of Pebblebrook Hotel Trust, unloaded 15,848 shares at an average price of $25.26 on June 13, 2016. The total amount of the transaction was worth $400,320, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is engaged in acquiring and investing in hotel properties located primarily in cities of the United States. It owns interests in around 35 hotels, including 29 wholly owned hotels with a total of 6,948 guest rooms and a 49% joint venture interest in six hotels with a total of 1,775 guest rooms. The hotels are located in markets, including Atlanta (Buckhead), Georgia; Bethesda, Maryland; Boston, Massachusetts; Hollywood, California; Los Angeles, California; Miami, Florida; Minneapolis, Minnesota; Nashville, Tennessee; New York, New York; Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, California; Santa Monica, California; Seattle, Washington; Stevenson, Washington; Washington, D.C., and Westwood, California, among others. The Companys assets are held by, and the operations are conducted through Pebblebrook Hotel, L.P.