La Quinta Holdings (LQ) : Traders are negative on La Quinta Holdings (LQ), as it has 4.2% of short positions outstanding compared to its float. The total shorts have reduced by -257,019 shares, which is a -6.8% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,3,756,335 to 3,499,316 shares. While the daily trading volume of the stock is 638,540, there are 5 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
La Quinta Holdings (NYSE:LQ): The stock opened at $11.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.82 for the day. The stock traded down to $11.68 during the day, due to lack of any buying support eventually closed down at $11.71 with a loss of -0.59% for the day. The stock had closed at $11.78 on the previous day. The total traded volume was 464,412 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of La Quinta Holdings Inc., Bowers Alan J, had purchased 4,042 shares in a transaction dated on May 2, 2016. The transaction was executed at $12.36 per share with total amount equaling $49,959.
La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Companys segments include owned hotels and franchise and management. Owned hotels segment includes the operation of owned hotel properties located in the United States. Franchise and management segment operations include various franchise and management agreements relating to its owned, franchised and managed hotels. As of December 31, 2014, the Companys inventory consisted of 867 hotels representing approximately 86,500 rooms, located across 47 United States, as well as in Canada and Mexico, of which 353 hotels were owned and operated and 514 were franchised.