General Growth Properties (NYSE:GGP) has shown a rise of 9.2% or 1,633,405 shares in the short positions. The bets have increased to 19,454,915 shares on June 15,2016 from 17,821,510 shares on May 31,2016. With respect to the floated shares, the shorts are 3.3%. The days to cover are calculated to be 5, using the standard per day volume of 4,268,840 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
General Growth Properties (NYSE:GGP): The stock opened at $28.15 on Friday but the bulls could not build on the opening and the stock topped out at $28.92 for the day. The stock traded down to $27.92 during the day, due to lack of any buying support eventually closed down at $28.55 with a loss of -1.55% for the day. The stock had closed at $29.00 on the previous day. The total traded volume was 6,577,448 shares.
The company shares have rallied 11.05% from its 1 Year high price. On Mar 17, 2016, the shares registered one year high at $30.30 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $27.62 and the 200 Day Moving Average price is recorded at $27.67.
General Growth Properties (NYSE:GGP) has climbed 1.21% in the past week and advanced 5.94% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.88% and the outperformance has advanced to 9.14% for the last 4 weeks period.
General Growth Properties, Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. As of December 31, 2014, the Company owned, either entirely or with joint venture partners, 128 retail properties. The Companys business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31, 2014, GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition, the Operating Partnerships conduct their operations through General Growth Management, Inc. (GGMI), General Growth Services, Inc. (GGSI) and GGPLP REIT Services, LLC (GGPRS).