Omega Healthcare Investors (OHI) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 20,991,912 to 20,856,739 shares, with 9 days to go before the expiry. The short open interest has decreased by -0.6%, amounting to a reduction of -135,173 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 11.3% of the float of the company. The average daily volume of the stock is 2,354,174 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Omega Healthcare Investors (NYSE:OHI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.44 and $36.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.44, notching a gain of 0.11% for the day. The total traded volume was 1,605,066 . The stock had closed at $36.40 on the previous day.
In a related news,The officer (Chief Operating Officer) of Omega Healthcare Investors Inc, Booth Daniel J sold 20,000 shares at $37.14 on August 15, 2016. The Insider selling transaction had a total value worth of $742,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Omega Healthcare Investors, Inc. (Omega) is a self-administered real estate investment trust (REIT). The Company invests in income producing healthcare facilities, long-term care facilities located throughout the United States. The Company provides lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and assisted living facilities (ALFs), independent living facilities, rehabilitation and acute care facilities. It finances investments through borrowings under its revolving credit facilities, private placements or public offerings of its debt and equity securities, secured indebtedness, retention of cash flow or a combination of these methods. Its portfolio of real estate investments include over 900 properties located in 41 states and operated by 81 different operators. Its portfolio includes healthcare facilities and mortgages on healthcare facilities. It also offers fixed-rate mortgage loans.