Apartment Investment and Management Company (AIV) : The short interest in Apartment Investment and Management Company (AIV) has increased from 3,648,626 to 3,827,927 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,215,142 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 2.5% of the total shares in the hands of the public. The shorts in the stock have gone up by 179,301 shares, which is an increase of 4.9% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Apartment Investment and Management Company (NYSE:AIV): The stock opened at $44.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $44.24 for the day. The stock traded down to $43.63 during the day, due to lack of any buying support eventually closed down at $44.00 with a loss of -0.54% for the day. The stock had closed at $44.24 on the previous day. The total traded volume was 692,231 shares.
In a related news, The Securities and Exchange Commission has divulged that Beldin Paul, officer (Executive Vice President – CFO) of Apartment Investment & Management Co, had unloaded 4,218 shares at an average price of $45.67 in a transaction dated on August 15, 2016. The total value of the transaction was worth $192,636.
Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: conventional real estate and affordable real estate. As of December 31, 2014, the Companys conventional portfolio consisted of 144 apartment communities with 43,393 apartment homes in , which it held an average ownership of approximately 97%. It also operates a portfolio of affordable apartment communities, which consists of apartments with rents that are generally paid, in whole or part, by a government agency. As of December 31, 2014, its affordable portfolio consisted of 59 apartment communities with 8,943 apartment homes in , which it held an average ownership of approximately 93%. Aimco, through its wholly owned subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, owns the ownership interests in the Aimco Operating Partnership.