The short interest in Gramercy Property Trust (NYSE:GPT) has declined from 21,474,642 on May 31,2016 to 19,963,654 on June 15,2016. The change was measured at 1,510,988 shares or 7%. The leftover shorts were 4.8% of the floated shares. The days to cover are 10, given the average daily volume of 2,028,168 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Gramercy Property Trust (NYSE:GPT): The stock opened at $8.89 on Friday but the bulls could not build on the opening and the stock topped out at $9.06 for the day. The stock traded down to $8.81 during the day, due to lack of any buying support eventually closed down at $8.99 with a loss of -0.99% for the day. The stock had closed at $9.08 on the previous day. The total traded volume was 4,818,106 shares.
The company shares have rallied 12.38% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $9.27 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $8.95 and the 200 Day Moving Average price is recorded at $8.05.
Gramercy Property Trust (NYSE:GPT) has climbed 0.22% in the past week and advanced 1.7% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.89% and the outperformance has advanced to 4.77% for the last 4 weeks period.
Gramercy Property Trust, formerly Chambers Street Properties, is an investor and asset manager of commercial real estate, and operates as a real estate investment trust (REIT). The Company specializes in acquiring and managing single-tenant, net leased industrial and office properties in the United States and Europe markets. The Company has two operating segments: Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of the Companys activities related to investment and ownership of commercial properties net leased to tenants throughout the United States. The Asset Management segment includes all of the Companys activities related to third-party asset and property management of commercial properties located throughout the United States and Europe.