Stag Industrial (STAG) : Traders are negative on Stag Industrial (STAG), as it has 4.9% of short positions outstanding compared to its float. The total shorts have reduced by -323,897 shares, which is a -8.9% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,3,646,211 to 3,322,314 shares. While the daily trading volume of the stock is 643,169, there are 5 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.
Stag Industrial (NYSE:STAG): The stock opened at $24.54 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.54 for the day. The stock traded down to $24.13 during the day, due to lack of any buying support eventually closed down at $24.37 with a loss of -0.89% for the day. The stock had closed at $24.59 on the previous day. The total traded volume was 237,561 shares.
In a related news, King David G, officer (EVP and Director-Real Estate) of Stag Industrial, Inc., unloaded 9,550 shares at an average price of $22.7 on June 9, 2016. The total amount of the transaction was worth $216,785, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
STAG Industrial, Inc. is focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2014, The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet, consisting of 178 warehouse/distribution buildings, 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31, 2014, its buildings were 94.9% leased to 227 tenants, with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.