Short Interest Update on Equity Residential (EQR)

Equity Residential (EQR) : The short interest in Equity Residential (EQR) has increased from 6,965,020 to 8,574,268 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,282,083 shares are traded daily in the stock and only 4 days are left for the shorts to cover. The short open interest is 2.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 1,609,248 shares, which is an increase of 23.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Equity Residential (NYSE:EQR): The stock opened at $64.74 on Wednesday but the bulls could not build on the opening and the stock topped out at $65.22 for the day. The stock traded down to $64.27 during the day, due to lack of any buying support eventually closed down at $64.81 with a loss of -0.37% for the day. The stock had closed at $65.05 on the previous day. The total traded volume was 1,727,180 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Equity Residential, Tennison Mark N had sold 52,293 shares worth of $3,915,700 in a transaction dated March 29, 2016. In this transaction, 52,293 shares were sold at $74.88 per share.

Equity Residential is a real estate investment trust (REIT) focused on the acquisition, development and management of apartment properties in the United States growth markets. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential. The Company is the general partner and owns an approximate 96.2% ownership interest in ERPOP. The remaining 3.8% interest is owned by limited partners. As of December 31, 2014, the Company, directly or indirectly through investments in title holding entities, owned all or a portion of 391 properties located in 12 states and the District of Columbia consisting of 109,225 apartment units. All of the Companys property ownership, development and related business operations are conducted through ERPOP.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.