Resource Capital (RSO) : Traders are getting increasingly bearish on Resource Capital (RSO), as can be seen in the addition of short positions from 625,944 on Jul 29, 2016, to 659,165 on August 15, 2016. The net change in shorts is 33,221 shares, an increase of 5.3%. 3 days remain before the expiry. The 2.2% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 223,263. The short interest information was released on Wednesday Aug 24th after the market close.
Resource Capital (NYSE:RSO): The stock opened at $13.41 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.41 for the day. The stock traded down to $13.16 during the day, due to lack of any buying support eventually closed down at $13.24 with a loss of -1.05% for the day. The stock had closed at $13.38 on the previous day. The total traded volume was 126,298 shares.
In a related news, Bloom David E, officer (Senior Vice President) of Resource Capital Corp. had purchased 8,000 shares on August 17, 2016 in a transaction. The price per share was $12.87 and the total amount of the disclosed transaction was $102,960.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Resource Capital Corp. is a real estate finance Company. The Company invests in asset classes, which include commercial real estate-related assets, residential real estate-related assets and commercial finance assets. Its commercial real estate-related assets include loans, interests in mortgage loans, Mezzanine debt related to commercial real estate, commercial mortgage-backed securities, and commercial real estate. Its residential real estate-related assets include residential mortgage loans and securities. Its commercial finance assets include senior secured corporate loans, asset-backed securities, debt tranches of collateralized debt obligations and collateralized loan obligations, structured note investments, middle-market secured corporate loans and preferred equity investments. The Company is externally managed by Resource Capital Manager, Inc., or the Manager, an indirect wholly-owned subsidiary of Resource America, Inc.