DCT Industrial Trust Inc (NYSE:DCT) stated gains of 734,491 shares or 20.7% in the short interest. The short interest registered from 3,552,064 on May 31,2016 to 4,286,555 on June 15,2016. In terms of floated shares, the shorted positions stood at 4.8%. The stock has been averaging 714,824 shares daily in trading and would need 6 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
DCT Industrial Trust Inc (NYSE:DCT): The stock opened at $45.06 on Friday but the bulls could not build on the opening and the stock topped out at $45.79 for the day. The stock traded down to $44.41 during the day, due to lack of any buying support eventually closed down at $45.50 with a loss of -0.76% for the day. The stock had closed at $45.85 on the previous day. The total traded volume was 8,059,106 shares.
The company shares have rallied 42.72% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $46.34 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $43.79 and the 200 Day Moving Average price is recorded at $39.13.
DCT Industrial Trust Inc (NYSE:DCT) has tumbled 0.31% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.13% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.35% and the outperformance has advanced to 9.35% for the last 4 weeks period.
DCT Industrial Trust Inc. is an industrial real estate company. The Company specializes in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States. It conducts its business through a majority owned and controlled subsidiary, DCT Industrial Operating Partnership LP. The Company operates in three segments: East, Central and West. Its portfolio primarily consists of bulk distribution warehouses and light industrial properties. The Company holds interests in around 72.3 million square feet of properties, which include approximately 62.0 million square feet comprising 393 consolidated operating properties; around 8.1 million square feet comprising 24 unconsolidated properties; approximately 0.8 million square feet comprising six consolidated properties under redevelopment, and around 1.4 million square feet comprising seven consolidated buildings which are in lease-up.