Short Interest Update on Select Income REIT (SIR)

Select Income REIT (SIR) : Traders are negative on Select Income REIT (SIR), as it has 2% of short positions outstanding compared to its float. The total shorts have reduced by -106,985 shares, which is a -8% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,329,932 to 1,222,947 shares. While the daily trading volume of the stock is 443,762, there are 3 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Select Income REIT (NYSE:SIR): The stock opened at $27.34 on Wednesday but the bulls could not build on the opening and the stock topped out at $27.35 for the day. The stock traded down to $26.88 during the day, due to lack of any buying support eventually closed down at $27.23 with a loss of -0.40% for the day. The stock had closed at $27.34 on the previous day. The total traded volume was 285,144 shares.


Select Income REIT (SIR) is a real estate investment trust (REIT). The Company owns and invests in single tenant and net leased properties. The Company owns approximately 51 properties (281 buildings, leasable land parcels and easements), located in 22 states, that contain approximately 27.7 million rentable square feet and are approximately 96.4% leased (based on rentable square feet). Its properties are leased to over 262 different tenants, with a weighted average remaining lease term (based on annualized rental revenue) of approximately 10.5 years. The Companys Hawaii Properties consist of lands, which are leased to third parties for rents that are periodically reset based on market values, generally every five to ten years. Its Mainland Properties consists of properties, which are net leased to single tenants.

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