Taubman Centers (TCO) : The short interest in Taubman Centers (TCO) has increased from 1,759,321 to 1,784,455 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 320,954 shares are traded daily in the stock and only 6 days are left for the shorts to cover. The short open interest is 3.1% of the total shares in the hands of the public. The shorts in the stock have gone up by 25,134 shares, which is an increase of 1.4% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Taubman Centers (NYSE:TCO): The stock opened at $78.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $78.80 for the day. The stock traded down to $77.74 during the day, due to lack of any buying support eventually closed down at $78.08 with a loss of -0.75% for the day. The stock had closed at $78.67 on the previous day. The total traded volume was 203,570 shares.
In a related news,The officer (CAO) of Taubman Centers Inc, Wolff David A. sold 794 shares at $70.06 on June 3, 2016. The Insider selling transaction had a total value worth of $55,628. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Taubman Centers, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties. The Company owns, leases, acquires, disposes of, develops, expands and manages regional and super-regional shopping centers and interests therein. The Companys portfolio of operating centers, as of December 31, 2014, consisted of 18 urban and suburban shopping centers in 10 states. The centers are located in metropolitan areas, including Denver, Detroit, Los Angeles, Miami, Nashville, New York City, Orlando, Salt Lake City, San Francisco, Sarasota, Saint Louis, Tampa and Washington, D.C. The centers range in size between 236,000 and 1.6 million square feet of gross leasable area (GLA) and between 186,000 and 671,000 square feet of Mall GLA with an average of 1 million and 0.5 million square feet, respectively.