Paramount Group (PGRE) : The short interest in Paramount Group (PGRE) has increased from 2,322,129 to 2,496,771 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 766,440 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 1.5% of the total shares in the hands of the public. The shorts in the stock have gone up by 174,642 shares, which is an increase of 7.5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Paramount Group (NYSE:PGRE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.66 and $17.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.66, notching a gain of 0.11% for the day. The total traded volume was 389,325 . The stock had closed at $17.64 on the previous day.
In a related news, Oconnor David P, director of Paramount Group, Inc., had purchased 32,000 shares on March 10, 2016. The total value of the transaction was $487,360. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramounts portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that was 93.9% leased. Paramount has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. Paramounts private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco. The Alternative Investment Funds invest in real estate related debt and preferred equity investments.