DCT Industrial Trust Inc (DCT) : Traders are getting increasingly bearish on DCT Industrial Trust Inc (DCT), as can be seen in the addition of short positions from 2,287,726 on Jul 29, 2016, to 2,311,532 on August 15, 2016. The net change in shorts is 23,806 shares, an increase of 1%. 4 days remain before the expiry. The 2.6% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 637,857. The short interest information was released on Wednesday Aug 24th after the market close.
DCT Industrial Trust Inc (NYSE:DCT): The stock opened at $48.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.05 for the day. The stock traded down to $48.38 during the day, due to lack of any buying support eventually closed down at $48.59 with a loss of -0.82% for the day. The stock had closed at $48.99 on the previous day. The total traded volume was 354,226 shares.
In a related news,The director of Dct Industrial Trust Inc., Okeeffe John C sold 2,250 shares at $45.61 on June 9, 2016. The Insider selling transaction had a total value worth of $102,623. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
DCT Industrial Trust Inc. is an industrial real estate company. The Company specializes in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States. It conducts its business through a majority owned and controlled subsidiary, DCT Industrial Operating Partnership LP. The Company operates in three segments: East, Central and West. Its portfolio primarily consists of bulk distribution warehouses and light industrial properties. The Company holds interests in around 72.3 million square feet of properties, which include approximately 62.0 million square feet comprising 393 consolidated operating properties; around 8.1 million square feet comprising 24 unconsolidated properties; approximately 0.8 million square feet comprising six consolidated properties under redevelopment, and around 1.4 million square feet comprising seven consolidated buildings which are in lease-up.