Gaming and Leisure Properties June 15th Short Interest Update

Gaming and Leisure Properties (NASDAQ:GLPI) encountered a drop of 2.9% or -199,896 shares in the short positions. The number dropped from 6,817,645 on May 31,2016 to 6,617,749 on June 15,2016. The final interest is 3.5% of the floated stock. The days to cover figure of 5 can be arrived using the average daily exchange of 1,362,624 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Gaming and Leisure Properties (NASDAQ:GLPI): The stock opened at $33.67 on Friday but the bulls could not build on the opening and the stock topped out at $34.70 for the day. The stock traded down to $33.37 during the day, due to lack of any buying support eventually closed down at $34.30 with a loss of -0.38% for the day. The stock had closed at $34.43 on the previous day. The total traded volume was 6,334,728 shares.

The company shares have dropped -6.03% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $37.32 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $33.56 and the 200 Day Moving Average price is recorded at $29.76.

Gaming and Leisure Properties (NASDAQ:GLPI) has tumbled 1.52% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.78% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.11% and the outperformance has advanced to 6.92% for the last 4 weeks period.

Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. Triple net leases are leases, in which the lessee pays rent to the lessor, as well as all taxes, insurance, and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital, L.P. (a wholly owned subsidiary of GLPI, through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.