Retail Properties of America (RPAI) : The short interest in Retail Properties of America (RPAI) has increased from 988,405 to 1,522,050 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,391,136 shares are traded daily in the stock and only 1 days are left for the shorts to cover. The short open interest is 0.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 533,645 shares, which is an increase of 54% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Retail Properties of America (NYSE:RPAI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.69 and $16.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.85, notching a gain of 0.96% for the day. The total traded volume was 1,986,341 . The stock had closed at $16.69 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Retail Properties Of America, Inc., Biumi Bonnie had purchased shares worth of $32,480 in a transaction dated on June 7, 2016. A total of 2,000 shares were purchased at a price of $16.24 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Retail Properties of America, Inc. is a real estate investment trust (REIT). The Company owns and operates shopping centers in the United States. The Companys retail operating portfolio includes power centers, neighborhood and community centers, and lifestyle centers and predominantly multi-tenant retail mixed-use properties, as well as single-user retail properties. Its properties include 23rd Street Plaza, Panama City; Academy Sports, Houma; Academy Sports, Midland; Academy Sports, Port Arthur; Arvada Connection and Arvada Marketplace, Arvada; The Brickyard, Chicago; Broadway Shopping Center, Bangor, and Cinemark Seven Bridges, Woodridge, among others. It also owns a property, Towson Square, which is approximately 138,000 square foot entertainment based center, including a range of national and regional restaurant concepts. The Company owns approximately 201 retail operating properties representing over 29.2 million square feet.