Highwoods Properties (NYSE:HIW), According to the latest information the short interest in Highwoods Properties shot up by 9.7% or 313,919 shares. The final shorts are 3.7% of the total floated shares. The positions increased from 3,220,886 shares on May 31,2016 to 3,534,805 on June 15,2016. According to the per-day average trading of 742,693 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Highwoods Properties (NYSE:HIW): The stock opened at $48.75 on Friday but the bulls could not build on the opening and the stock topped out at $50.29 for the day. The stock traded down to $48.64 during the day, due to lack of any buying support eventually closed down at $49.98 with a loss of -0.30% for the day. The stock had closed at $50.13 on the previous day. The total traded volume was 8,899,615 shares.
The company shares have rallied 25.08% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $50.29 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $48.37 and the 200 Day Moving Average price is recorded at $45.42.
Highwoods Properties (NYSE:HIW) has climbed 1.56% in the past week and advanced 3.71% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.25% and the outperformance has advanced to 6.85% for the last 4 weeks period.
Highwoods Properties, Inc. is a real estate investment trust. The Company is engaged in the business of operation, acquisition and development of real estate properties. It provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company operates office, industrial, retail and residential properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Companys portfolio consists of office properties in Raleigh, Atlanta, Tampa, Nashville, Memphis, Pittsburgh, Richmond and Orlando; office and industrial properties in Greensboro, and retail and office properties in Kansas City. The Company holds an interest of approximately 31.2 million rentable square feet of in-service properties, 1.7 million rentable square feet of properties under development and approximately 500 acres of development land.