Sun Communities (NYSE:SUI) has witnessed a rise of 4.1% or 84,108 shares in its short figure. The short interest augmentation took it from 2,049,106 on May 31,2016 to 2,133,214 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3.7%. The days to cover are 6 given that the daily volume averaged 366,546 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Sun Communities (NYSE:SUI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.64 and $70.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.04, notching a gain of 1.07% for the day. The total traded volume was 4,759,468 . The stock had closed at $72.27 on the previous day.
The company shares have rallied 17.96% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $73.56 and the one year low was seen on Jun 30, 2015. The 50-Day Moving Average price is $70.52 and the 200 Day Moving Average price is recorded at $68.78.
Sun Communities (NYSE:SUI) has climbed 0.87% in the past week and advanced 4.27% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.54% and the outperformance has advanced to 7.42% for the last 4 weeks period.
Sun Communities, Inc. (SHS) is a self-administered and self-managed real estate investment trust (REIT). The Company operates in two segments: Real Property Operations, and Home Sales and Rentals. The Real Property Operations segment owns, operates and develops manufactured housing (MH) and recreational vehicle (RV) throughout the United States and is in the business of acquiring, operating and expanding MH and RV communities. The Home Sales and Rentals segment offers manufactured home sales and leasing services to tenants and prospective tenants of its communities. The Company owns and operates a portfolio of around 217 properties located in 29 states throughout the United States, including 183 MH communities, 25 RV communities and nine properties containing both MH and RV sites.