Retail Opportunity Investments (ROIC) has 2,427,681 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 2,781,745 shares. The stock has a decent trading volume of 620,886 shares daily. The marginal decrease in the short positions is by -12.7%, which amounts to -354,064 shares. Short positions are 2.3% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Retail Opportunity Investments (NASDAQ:ROIC): The stock opened at $22.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.17 for the day. The stock traded down to $21.91 during the day, due to lack of any buying support eventually closed down at $22.12 with a loss of -0.14% for the day. The stock had closed at $22.15 on the previous day. The total traded volume was 375,843 shares.
In a related news, Indiveri Michael J., director of Retail Opportunity Investments Corp had purchased 5,500 shares on August 16, 2016 in a transaction. The price per share was $21.72 and the total amount of the disclosed transaction was $119,460.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.
Retail Opportunity Investments Corp. (ROIC) is an integrated, self-managed real estate investment trust (REIT). The Company is engaged in the ownership, management, and redevelopment of retail real estate properties. The Company also operates in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company focuses on acquiring shopping centers located in densely populated, supply-constrained metropolitan markets in the western regions of the United States. The Company also focuses on acquiring necessity-based community and neighborhood shopping centers anchored by national and regional supermarkets and drugstores. The Companys wholly-owned subsidiary, Retail Opportunity Investments GP, LLC, is the general partner of the Operating Partnership.