Short Interest Update on United Dominion Realty Trust (UDR)

United Dominion Realty Trust (UDR) : The short interest in United Dominion Realty Trust (UDR) has increased from 6,849,124 to 7,327,223 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,452,876 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 2.8% of the total shares in the hands of the public. The shorts in the stock have gone up by 478,099 shares, which is an increase of 7% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

United Dominion Realty Trust (NYSE:UDR): The stock opened at $36.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.11 for the day. The stock traded down to $35.56 during the day, due to lack of any buying support eventually closed down at $35.78 with a loss of -0.47% for the day. The stock had closed at $35.95 on the previous day. The total traded volume was 1,283,111 shares.


In a related news,The officer (SVP-Asset Management) of Udr, Inc., Alcock Harry G sold 7,500 shares at $36.97 on August 4, 2016. The Insider selling transaction had a total value worth of $277,275. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

UDR, Inc. is a self-administered real estate investment trust (REIT). The Company owns, operates, acquires, renovates, develops, redevelops and manages multifamily apartment communities located in high barrier-to-entry markets throughout the United States. The Company operates through two segments: Same-Store Communities and Non-Mature Communities/Other. The Companys Same-Store Communities segment includes the communities that were acquired, developed and stabilized prior to January 1, 2013, and held as of December 31, 2014. The Companys Non-Mature Communities/Other segment represents the acquired, developed and redeveloped communities, and the non-apartment components of mixed use properties, which do not meet the criteria to be included in the Same-Store Communities segment. As of December 31, 2014, the Companys consolidated real estate portfolio included 139 communities located in 20 markets, with a total of 39,851 completed apartment homes.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *