FelCor Lodging Trust Incorporated (FCH) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 7,587,341 to 6,554,208 shares, with 6 days to go before the expiry. The short open interest has decreased by -13.6%, amounting to a reduction of -1,033,133 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 5.1% of the float of the company. The average daily volume of the stock is 1,050,233 shares. The short interest information was released on Wednesday Aug 24th after the market close.
FelCor Lodging Trust Incorporated (NYSE:FCH): The stock opened at $6.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.85 for the day. The stock traded down to $6.73 during the day, due to lack of any buying support eventually closed down at $6.81 with a loss of -0.15% for the day. The stock had closed at $6.82 on the previous day. The total traded volume was 722,201 shares.
In a related news,The director of Felcor Lodging Trust Inc, Cotter Robert F sold 15,918 shares at $6.34 on July 1, 2016. The Insider selling transaction had a total value worth of $100,920. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
FelCor Lodging Trust Incorporated (FelCor) is a real estate investment trust (REIT). FelCor owns a portfolio of primarily upper-upscale and luxury hotels and resorts. As of December 31, 2014, FelCor is the sole general partner of, and the owner of a greater than 99% partnership interest in, FelCor Lodging Limited Partnership (FelCor LP)through , which the Company held ownership interests in 48 hotels with 14,435 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company owns DoubleTree by Hilton, DoubleTree Suites by Hilton, Embassy Suites Hotels, Fairmont, Hilton, Holiday Inn, Marriott, Morgans, Renaissance, Royalton, Sheraton, Sheraton Suites, Walt Disney World, Westin, Wyndham and Wyndham Grand.