Brandywine Realty Trust (BDN) : Traders are increasing their bearish positions on the stock, as is visible by the 7.2% jump in the outstanding short positions; a total addition of 383,454 shares on the sell side. On Jul 29, 2016, the total short positions were 5,360,875 shares, which went up to 5,744,329 shares by the close of trading on August 15, 2016. It will take 5 days for the bears to roll over or cover. An average of 1,166,331 shares exchange hands daily. 3.3% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Brandywine Realty Trust (NYSE:BDN): The stock opened at $16.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.49 for the day. The stock traded down to $16.19 during the day, due to lack of any buying support eventually closed down at $16.28 with a loss of -1.15% for the day. The stock had closed at $16.47 on the previous day. The total traded volume was 757,287 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President & CFO) of Brandywine Realty Trust, Wirth Tom had sold 5,000 shares worth of $83,450 in a transaction dated July 25, 2016. In this transaction, 5,000 shares were sold at $16.69 per share.
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Trust provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Trust owns its assets and conducts its operations through the Brandywine Operating Partnership, L.P. (Operating Partnership) and subsidiaries of the Operating Partnership. The Trust is the sole general partner of the Operating Partnership. The Trusts portfolio is managed through seven segments: Pennsylvania; Philadelphia Central Business District (CBD); Metropolitan Washington, D.C.; New Jersey/Delaware; Richmond, Virginia; Austin, Texas, and California. The Pennsylvania segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania.