WP Glimcher June 15th Short Interest Update

WP Glimcher (NYSE:WPG) has seen a shortfall of 170,234 shares or 2.4% in the short interest. The remaining shorts are 3.8% of the total floated shares. The net short interest, as on June 15,2016, stood at 6,959,731 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 2,818,290 shares. On May 31,2016, 7,129,965 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

WP Glimcher (NYSE:WPG): The stock opened at $10.76 on Friday but the bulls could not build on the opening and the stock topped out at $10.94 for the day. The stock traded down to $10.68 during the day, due to lack of any buying support eventually closed down at $10.68 with a loss of -2.82% for the day. The stock had closed at $10.99 on the previous day. The total traded volume was 19,106,286 shares.

The company shares have dropped -21.76% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $14.29 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $10.52 and the 200 Day Moving Average price is recorded at $9.79.

WP Glimcher (NYSE:WPG) has climbed 0.19% in the past week and advanced 6.06% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.85% and the outperformance has advanced to 9.27% for the last 4 weeks period.

WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Companys majority owned partnership subsidiary that owns, through its affiliates, all of the Companys real estate properties and other assets. As of December 31, 2014, the Companys assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls. The Companys properties are leased to various tenants across the retail, including anchor stores, big-box tenants, national inline tenants, sitdown restaurants, movie theatres and regional and local retailers. The Companys properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall, and Westminster Mall, among others.

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