Health Care REIT June 15th Short Interest Update

Health Care REIT (NYSE:HCN) reported a rise of 0.3% or 48,478 shares in its short interest. The short figure came in at 4.7% of the total floats. The average daily volume of 2,321,948 shares suggests that the days to cover 16,754,022 short positions, as on June 15,2016, will be 7. On May 31,2016, the short interest was 16,705,544 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Health Care REIT (NYSE:HCN): The stock opened at $71.29 on Friday but the bulls could not build on the opening and the stock topped out at $73.74 for the day. The stock traded down to $71.15 during the day, due to lack of any buying support eventually closed down at $72.49 with a loss of -0.75% for the day. The stock had closed at $73.04 on the previous day. The total traded volume was 5,415,886 shares.

The company shares have rallied 10.23% from its 1 Year high price. On May 9, 2016, the shares registered one year high at $74.96 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $71.37 and the 200 Day Moving Average price is recorded at $67.37.

Health Care REIT (NYSE:HCN) has tumbled 2.37% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.65% in the last four weeks. The stocks have underperformed the S&P 500 by 0.75% during the past week but Health Care REIT (NYSE:HCN) it has outperformed the index in 4 weeks by 7.82%.

Welltower Inc., formerly Health Care REIT, Inc., is a real estate investment trust (REIT). The Companys portfolio has range of seniors housing and healthcare real estate, including seniors housing communities, nursing/post-acute facilities, medical office buildings, inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net, seniors housing operating and medical facilities. Its properties consist of land, building, improvements and related rights. The Companys hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.

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