Extra Space Storage Inc (EXR) : The short interest in Extra Space Storage Inc (EXR) has increased from 2,825,622 to 2,989,456 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,449,957 shares are traded daily in the stock and only 2 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 163,834 shares, which is an increase of 5.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Extra Space Storage Inc (NYSE:EXR): The stock opened at $81.18 on Wednesday but the bulls could not build on the opening and the stock topped out at $81.36 for the day. The stock traded down to $80.19 during the day, due to lack of any buying support eventually closed down at $80.57 with a loss of -0.75% for the day. The stock had closed at $81.18 on the previous day. The total traded volume was 786,836 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Executive Officer) of Extra Space Storage Inc., Kirk Spencer had sold 20,000 shares worth of $1,728,400 in a transaction dated August 1, 2016. In this transaction, 20,000 shares were sold at $86.42 per share.
Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Companys rental operations activities include rental operations of self-storage stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Companys self-storage facilities. The Companys property management acquisition and development activities include managing acquiring developing and selling self-storage stores. As of December 31, 2014, it held ownership interests in 828 operating stores. Of these operating stores, 557 are wholly owned and 271 are owned in joint venture partnerships.