Short Interest Update on Tanger Factory Outlet Centers (SKT)

Tanger Factory Outlet Centers (SKT) has 4,397,985 shares of shorts outstanding as on August 15, 2016, with 9 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,900,470 shares. The stock has a decent trading volume of 490,031 shares daily. The marginal decrease in the short positions is by -10.3%, which amounts to -502,485 shares. Short positions are 4.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Tanger Factory Outlet Centers (NYSE:SKT): The stock opened at $40.29 on Wednesday but the bulls could not build on the opening and the stock topped out at $40.46 for the day. The stock traded down to $39.87 during the day, due to lack of any buying support eventually closed down at $40.24 with a loss of -0.17% for the day. The stock had closed at $40.31 on the previous day. The total traded volume was 276,381 shares.


In a related news,The director of Tanger Factory Outlet Centers Inc, Benton William G sold 1,500 shares at $40.58 on August 4, 2016. The Insider selling transaction had a total value worth of $60,870. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The Company focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The Company has interests in nine outlet centers totaling approximately 2.6 million square feet, including four outlet centers in Canada. The outlet centers and other assets are held by, and all of the Companys operations are conducted by, Tanger Properties Limited Partnership and subsidiaries. The Company owns the units of partnership interest issued by the Operating Partnership, through its two wholly owned subsidiaries, Tanger GP Trust and Tanger LP Trust. Tanger GP Trust controls the Operating Partnership as its sole general partner. Tanger LP Trust holds a limited partnership interest. Its outlet centers range in size from 24,619 to 749,074 square feet and are located at least ten miles from department stores and manufacturer-owned retail stores.

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